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Summary: Denver City and County, Colorado; Multifamily FHA Insurance Apr 09 Product Image

Summary: Denver City and County, Colorado; Multifamily FHA Insurance Apr 09

  • ID: 2035481
  • April 2009
  • Region: Colorado
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its 'AAA' rating on Denver City and County, Colo.'s FHA-insured multifamily housing mortgage revenue bonds (The Chamber Building) series 1999A. The bonds are secured by a mortgage loan, which is insured under section 221(d) 4 of the National Housing Act. The rating continues to reflect our view of the following factors: The extremely high credit quality of the FHA-insured mortgage loan collateral; Sufficiency of assets and revenues to pay debt service and expenses; A debt service reserve fund sized at eight months' debt service on the bonds; Extremely strong investment quality; and An asset-to-liability position of 102.34% as of Jan. 26, 2009. The bonds are secured by a mortgage loan, which is insured by...

Companies mentioned in this report are: Denver City & Cnty
Action: Affirmed

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