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Colorado Housing And Finance Authority Class I Bonds Rating Raised To 'AAA/A-1+'; Outlook Stable Sep 09 Product Image

Colorado Housing And Finance Authority Class I Bonds Rating Raised To 'AAA/A-1+'; Outlook Stable Sep 09

  • ID: 2029939
  • September 2009
  • Region: Colorado
  • Standard & Poors

FEATURED COMPANIES

  • Barclays Bank PLC
  • Colorado Hsg & Fin Auth
  • Dexia Credit Local
  • MORE

Abstract
SAN FRANCISCO (Standard & Poor's) Sept. 2, 2009--Standard & Poor's Ratings Services has raised the rating on the Colorado Housing and Finance Authority's class I adjustable-rate single-family mortgage bonds series 2005 B-2 to 'AAA/A-1+' from 'AAA/A-1', following the substitution of a standby bond purchase agreement (SBPA) from Barclays Bank PLC ('A-1+' short-term) for one from Dexia Credit Local ('A-1' short-term) on Sept. 2, 2009. The SPBA will cover 100% of principal and interest for 184 days. The outlook is stable. "The stable outlook on the class I bonds reflects our opinion of the extremely high asset-to-liability coverage that is in excess of our loss coverage requirements, extremely strong asset quality, and management's strong oversight of the program," said Standard &...

Companies mentioned in this report are:
- Colorado Hsg & Fin Auth
- Barclays Bank PLC
- Dexia Credit Local

Action: Outlook: Stable
Action: Upgraded

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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

- Colorado Hsg & Fin Auth
- Barclays Bank PLC
- Dexia Credit Local

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