- Published: May 2012
- Region: United States
Summary: Denver City & Cnty, CO; Revenue - Housing, Multifamily FHA Insurance Sep 98
- Published: September 1998
- Standard & Poors
The 'AAA' rating on city and county of Denver, Colo's multifamily housing revenue bonds series 1997A and 1997B reflects: - Federal Housing Administration mortgage insurance issued under section 220 of the National Housing Act on the Buerger Brothers and Fire Clay buildings located in Denver, Colorado; - Sufficiently sized debt service reserve fund equal to eight month's maximum annual debt service and mortgage reserve fund equal to one month's principal plus interest; - Sufficient mortgage revenues and investment earnings to make full and timely debt service payments on the bonds through final maturity, assuming a worst-case scenario; - Coverage of all credit shortfalls, including the 1% assignment fee and reinvestment risk, from bankruptcy-proof cash on deposit with the trustee; and...
Companies mentioned in this report are: Denver City & Cnty
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Denver City & Cnty