Summary: Bexar Cnty Hsg Fin Corp, TX; Housing, Single Family GNMA May 03

  • ID: 2028930
  • May 2003
  • Standard & Poors
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The 'AAA/NR' rating on Bexar County Housing Finance Corp., Texas' single-family mortgage revenue bonds series 1987A and 1987B (Ginnie Mae collateralized) has been affirmed. The 'AAA' rating refers to the bonds, and the 'NR' refers to the nonrated put feature of the bonds, which is in effect unit April 1, 2009. The bonds are secured by Ginnie Mae mortgage pass-through certificates. Other rating factors include: The sufficiency of revenues from mortgage debt service payments and investment earnings to pay full and timely debt service on the bonds until maturity, Investments held pursuant to an investment agreement with 'AAA' rated AIG Matched Funding Corp., and An asset-to-liability ratio of 150.38% as of Feb. 15, 2003. The rating reflects the strong credit...

Companies mentioned in this report are: Bexar Cnty Hsg Fin Corp
Action: Affirmed

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Bexar Cnty Hsg Fin Corp

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