• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Summary: St Charles Cnty Indl Dev Auth, MO; Revenue - Housing, Multifamily FNMA May 99 Product Image

Summary: St Charles Cnty Indl Dev Auth, MO; Revenue - Housing, Multifamily FNMA May 99

  • Published: May 1999
  • Standard & Poors

Abstract
The rating on St. Charles County Industrial Development Authority, Mo.'s bonds reflects: A Fannie Mae pass-through certificate; 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 in a 'AAAm' rated money market fund; and An asset-to-liability ratio of 101.14% as of April 15, 1999. The bonds are secured by a Fannie Mae MBS. The rating reflects the strong credit quality of the assets and credit support underlying the issue. The assets consist of a Fannie Mae guaranteed mortgage pass-through certificate, which guarantees timely payment of principal and interest on the mortgage regardless of whether payments are made by the owner, and investments held...

Companies mentioned in this report are: St Charles Cnty Indl Dev Auth
Action: Affirmed

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 READ MORE >

St Charles Cnty Indl Dev Auth

Note: Product cover images may vary from those shown

RELATED PRODUCTS