|
|
 |
|
Viewing report
|
|
|
|
California Housing Finance Agency; Housing, Single Family Whole Loan Jan 06
Standard & Poors, Jan 2006
Abstract
The 'AA-' long-term rating assigned to the Southern California Home Finance Authority's (SCHFA) single-family mortgage revenue bonds, series 2006A, reflects credit factors associated with the California Housing Finance Agency's (CalHFA) consolidated home mortgage revenue bond (HMRB) program, including: The high credit quality and continued strength and performance of the single-family mortgage loans, High-quality investments, Adequacy of reserves and resiliency of consolidated cash flow projections, and CalHFA's pledge of its general obligation for credit and liquidity shortfalls within the resolution. The 'A-1+' short-term rating on SCHFA's series 2006A bonds is based on an SBPA from Dexia Credit Local ('A-1+'). SCHFA is issuing series 2006A under CalHFA's HMRB indenture to purchase interest-only single-family mortgages originated to low- and moderate-income state residents. The...
Companies mentioned in this report are: California Hsg Fin Agy,Southern California Home Fin Auth
Action: New Rating
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.
Research Type: Full Analysis
|
|
|
|
