Summary: El Paso County, Colorado; Single Family Multiple MBS Oct 08
- ID: 2031317
- October 2008
- Region: Colorado
- Standard & Poors
Standard & Poor's Ratings Services affirmed its 'AAA' rating on El Paso County, Colo.'s single-family mortgage revenue bonds series 2002A and Denver City and County, Colo.'s single-family mortgage revenue bonds (Metro Mayors Caucus Project) series 2001A, 2001B, and 2001C. Each of the issues received partial credit support from AIG Matched Funding Corp. (A-/Watch Neg/A-1). Each of the AIG guaranteed investment contracts (GICs) has been terminated and have been returned to the trustee, U.S. Bank. These funds will be held in 'AAA' eligible money market funds. Standard & Poor's received cash flows for each of the issues, which demonstrate that the bonds can withstand the loss of the GIC's reinvestment rates in all of Standard & Poor's required scenarios once the...
Companies mentioned in this report are: El Paso Cnty
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