• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD

Summary: El Paso County, Colorado; Multifamily FHA Insurance Aug 06

  • ID: 2031951
  • August 2006
  • Region: Colorado
  • Standard & Poors

The 'BB' rating on El Paso County (FHA-insured taxable multifamily housing revenue bonds--Lynmar Apartments Project), Colo.'s series 1997A and taxable series 1997B has been affirmed. The bonds are secured by a mortgage loan, which is insured under section 221(d)4 of the National Housing Act. The rating reflects the credit shortfall that may occur if the mortgage note defaults. If this should occur, the 1% assignment fee that is not covered by FHA insurance and any reinvestment risk while the bondholders await payment from FHA may not be covered. Other rating factors include: The credit quality of the FHA-insured mortgage loan collateral; An asset-to-liability position of 100.69% as of June 2, 2006; Extremely strong investment quality; and Sufficiency of assets and...

Companies mentioned in this report are: El Paso Cnty
Action: Affirmed

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 READ MORE >

Note: Product cover images may vary from those shown

El Paso Cnty

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown


Our Clients

Fluidigm Corporation Apple, Inc. CEVA Santé Animale Abbott Laboratories Ltd. Merck Group Allergan Inc. Pfizer, Inc.