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Summary: Central Texas Housing Finance Corp.; Single Family Multiple MBS Dec 11
Standard & Poors, December 2011
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating to the Central Texas Housing Finance Corp. (HFC)'s single-family mortgage revenue bonds series 2009A-1, issued under its New Issue Bond Program (NIBP) indenture. The outlook is negative. The rating reflects our opinion of: The very high quality of assets supporting the bonds, consisting of Ginnie Mae, Fannie Mae, and Freddie Mac mortgage-backed certificates (MBS) and reserves; Investments that are commensurate with the rating on the bonds; Sufficiency of revenues to pay debt service and fees when due; and The rating on the U.S. The rating also reflects the sovereign rating on the U.S. (AA+/Negative/A-1+). Should the rating on the U.S. be upgraded to 'AAA' and the bond program meet all...
Companies mentioned in this report are: Central Texas Hsg Fin Corp
Action: New Rating
Action: Outlook: Negative
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Central Texas Hsg Fin Corp