- Language: English
- Published: November 2011
- Region: Texas
Summary: Bexar County Housing Finance Corp., Texas; FNMA Collateral Agreement Sep 06
- ID: 2028861
- September 2006
- Region: Texas
- Standard & Poors
Standard & Poor's Ratings Services affirmed its 'AAA' rating on the Bexar County Housing Finance Corp., Texas' variable rate demand multifamily housing revenue refunding bonds, series 1995 (Windridge Apartments Project). The 'AAA' rating reflects the strong credit quality of the credit support underlying the issue. The bonds secured by a Fannie Mae collateral agreement, which is 'AAA' eligible under Standard & Poor's rating criteria. The 'AAA' rating also reflects the likelihood bondholders will receive payments of debt service. Other rating factors are: The sufficiency of revenues from mortgage debt service payments and investment earnings to pay full and timely debt service on the bonds until maturity, Extremely strong investment quality, and An asset-to-liability ratio of 100.79% as of Aug. 22,...
Companies mentioned in this report are: Bexar Cnty Hsg Fin Corp
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >