Summary: Maricopa County Industrial Development Authority, Arizona; Single Family Multiple MBS Mar 12
- Language: English
- Published: March 2012
- Region: Arizona
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: Removed From CreditWatch
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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.
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Denver City & Cnty