- Language: English
- Published: January 2012
- Region: Kentucky
Summary: Kentucky Housing Corp.; Single Family Whole Loan Dec 11
- ID: 2035273
- December 2011
- Region: Kentucky
- Standard & Poors
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: 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 of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >
Kentucky Hsg Corp