- Language: English
- Published: September 2011
- Region: Texas
Summary: Bexar County Housing Finance Corp., Texas; Section 236 Dec 08
- Published: December 2008
- Region: Texas
- Standard & Poors
Standard & Poor's Ratings Services affirmed its 'A' rating on Bexar County Housing Finance Corp., Texas' multifamily housing revenue bonds (Woodland Ridge Apartments) series 2002, reflecting: A pledge of all Section 236 interest reduction payments (IRP) to be received relating to the Woodland Ridge Apartments through their remaining term; Debt service coverage (DSC) from the IRP sufficient for the rating level; A debt service reserve sized at three months of debt service on the bonds; Oversight provided by HUD and Alpha-Barnes Real Estate Services; and Permitted investments and insurance with providers whose ratings are commensurate with the rating on the bonds. This bond issue is rated under Standard & Poor's criteria for Section 236 bonds. Section 236 of the National...
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 >
Bexar Cnty Hsg Fin Corp