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
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