- Published: May 2012
- Region: United States
Summary: Denver City & County, Colorado; Multifamily FNMA Apr 10
- Published: April 2010
- Region: Colorado
- Standard & Poors
Standard & Poor's Ratings Services affirmed its 'BB+' rating on Denver City & County, Colo.'s series 1999A-B multifamily housing revenue bonds (Capitol Heights Apartments Project). The bonds are secured by Fannie Mae guaranteed pass-through certificate. The rating reflects our view of the following: The extremely high credit quality of the Fannie Mae guaranteed pass-through certificates, which are considered to be 'AAA' eligible; The sufficiency of revenues from mortgage debt service payments and investment earnings to pay full and timely debt service on the bonds until maturity; Extremely strong investment quality, and An asset-to-liability ratio of 100.53% as of Oct. 8, 2009. The rating reflects the strong credit quality of the assets and credit support underlying the issue. The revenue fund...
Companies mentioned in this report are: Denver City & Cnty
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Denver City & Cnty