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

  • ID: 2035655
  • September 2010
  • Region: Colorado
  • Standard & Poors
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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 the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, READ MORE >

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- Denver City & Cnty

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