Summary: El Paso County, Colorado; Single Family Multiple MBS Dec 11
- ID: 2031019
- December 2011
- Region: Colorado
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating to El Paso County, Colo.'s series 2009A-1 single-family housing revenue bonds, 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, which consist of Ginnie Mae mortgage-backed securities (MBS) and reserves; Investments that are commensurate with the rating on the bonds; and The sufficiency of revenues to pay debt service and fees when due. The rating also reflects the sovereign rating on the U.S. (AA+/Negative). Should the U.S. rating be raised to 'AAA' and the bond program meet all criteria commensurate with a 'AAA' rating, we would likely raise the rating on...
Companies mentioned in this report are: El Paso Cnty
Action: New Rating
Action: Outlook: Negative
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