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Summary: El Paso County, Colorado; Single Family Multiple MBS Dec 11 Product Image

Summary: El Paso County, Colorado; Single Family Multiple MBS Dec 11

  • Published: December 2011
  • Region: Colorado
  • Standard & Poors

Abstract
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

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 >

El Paso Cnty

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