Research And Markets Research And Markets
0 CHECKOUT

Summary: Kentucky Housing Corp.; Single Family Whole Loan Dec 11

  • ID: 2035273
  • December 2011
  • Region: Kentucky
  • Standard & Poors
1 of 3

Abstract
Standard & Poor's Ratings Services affirmed its 'AAA/A-1+' ratings on Kentucky Housing Corp.'s (KHC) series 2005B, 2005H, 2005L, 2006C, 2006F, 2006I, 2006M, and 2006O housing revenue variable-rate demand bonds. The outlook is stable. The ratings reflect our view of: The high quality of the collateral supporting the bonds, consisting primarily of Federal Housing Administration (FHA)-insured or Veterans Administration-guaranteed single-family mortgage loans and some FHA-insured multifamily loans; The very strong assets-to-liabilities ratio of more than 108%; Cash flow simulation demonstrating sufficient excess assets to absorb potential losses in an 'AAA' depression scenario that would not be covered by primary mortgage insurance; and High-quality investments held under the resolution. The 'A-1+' short-term component of the rating on each series reflects liquidity support...

Companies mentioned in this report are:
- Kentucky Hsg Corp

Action: Affirmed
Action: Outlook: Stable

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 READ MORE >

Note: Product cover images may vary from those shown
2 of 3

- Kentucky Hsg Corp

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown

RELATED PRODUCTS from Db