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Summary: El Paso County, Colorado; Single Family Multiple MBS Apr 08
Standard & Poors, April 2008
The 'AAA' rating on El Paso County, Colo.'s single-family mortgage revenue bonds series 1998 A and B has been affirmed. The bonds are secured by mortgage passthrough certificates from Ginnie Mae, Fannie Mae, and Freddie Mac. The rating continues to reflect: The sufficiency of revenues from mortgage debt service payments and investment earnings to pay full and timely debt service on the bonds until maturity, Extremely strong investment quality, and An asset-to-liability ratio of 107.22% as of Feb. 1, 2008. The rating reflects the strong credit quality of the assets and credit support underlying the issue. The assets consist of guaranteed mortgage passthrough certificates from Ginnie Mae, Fannie Mae, and Freddie Mac, which are 'AAA' eligible under Standard & Poor's...
Companies mentioned in this report are: El Paso Cnty
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El Paso Cnty