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Ratings On Connecticut Housing Finance Authority's Outstanding Debt Affirmed; Off Watch Negative Dec 11 Product Image

Ratings On Connecticut Housing Finance Authority's Outstanding Debt Affirmed; Off Watch Negative Dec 11

  • ID: 2029238
  • December 2011
  • Region: Connecticut
  • Standard & Poors

FEATURED COMPANIES

  • Connecticut Hsg Fin Auth
  • MORE

Abstract
NEW YORK (Standard & Poor's) Dec. 8, 2011--Standard & Poor's Ratings Services assigned its 'AAA' long-term rating to Connecticut Housing Finance Authority's housing mortgage finance program bonds series 2011F-1, 2011F-2, 2011F-3, 2011E-1, and 2011E-2, and its 'AAA/A-1' rating to the series 2011E-3 and 2011E-4. At the same time, Standard & Poor's removed its 'AAA' long-term and underlying (SPUR) ratings on the outstanding bonds under the resolution from CreditWatch with negative implications, and affirmed them. The outlook is stable. The ratings on the outstanding bonds under the resolution were placed on CreditWatch with negative implications following the downgrade of the rating on the U.S. to 'AA+', as the collateral for the resolution consists mainly of mortgages that benefit from government insurance...

Companies mentioned in this report are:
- Connecticut Hsg Fin Auth

Action: Affirmed
Action: New Rating
Action: Outlook: Stable
Action: Removed From CreditWatch

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- Connecticut Hsg Fin Auth

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