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Summary: New York City Housing Development Corp.; Multifamily Whole Loan Jun 11 Product Image

Summary: New York City Housing Development Corp.; Multifamily Whole Loan Jun 11

  • ID: 2032551
  • June 2011
  • Region: New York
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AA' long-term rating to New York City Housing Development Corp.'s (NYCHDC) multifamily housing revenue bonds (Federal New Issue Bond Program; NIBP) 2009 series 1-4 and 2-4. At the same time, Standard & Poor's affirmed its 'AA' long-term ratings on all multifamily housing revenue bonds outstanding under the NIBP, including the 2009 series 1, 1-1, 1-2, 1-3, 2, 2-1, 2-2, and 2-3. The outlook is stable. The 2009 series 1-4 and 2-4 bonds are the fourth tranche to be released from escrow under the multifamily federal NIBP. They were originally issued as 2009 series 1 and 2 escrow bonds. Upon conversion to the fixed rate, the bonds will be secured by multifamily mortgage loans....

Companies mentioned in this report are:
- New York City Hsg Dev Corp

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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