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Summary: Denver City And County, Colorado; Single Family Multiple MBS Sep 10

  • ID: 2035655
  • September 2010
  • Region: Colorado
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its 'AAA' rating on Denver City and County, Colo.'s (Metro Mayors Caucus single-family mortgage bond program) single-family home mortgage revenue bonds series 2001A and removed it from CreditWatch with negative implications. The rating reflects our view of the following: Cash flows showing timely payment of principal and interest on the bonds until maturity assuming no reinvestment earnings on the bond fund; The extremely high credit quality of the assets consisting of a GNMA permanent loan certificate; and Investments held in 'AAAm'-rated money market fund. On May 12, 2010, the rating was included in a rating action where we placed certain housing issues on CreditWatch with negative implications due to revised methodology for certain Federal...

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

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 READ MORE >

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Denver City & Cnty

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