- Language: English
- Published: March 2012
- Region: Florida
Summary: Denver City and County, Colorado; Multifamily FHA Insurance Apr 09
- ID: 2035481
- April 2009
- Region: Colorado
- Standard & Poors
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
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 >
Denver City & Cnty