0 CHECKOUT

Summary: Denver City and County, Colorado; Multifamily FHA Insurance Apr 09

  • ID: 2036000
  • April 2009
  • Region: Colorado
  • Standard & Poors

Abstract
The 'BBB+' rating on Denver City and County, Colo.'s (FHA-insured multifamily housing revenue bonds (Boston Lofts Project) series 1997 A and B has been affirmed. The mortgage loan is insured by FHA under section 220 of the National Housing Act. The rating continues to reflect our view of: 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 101.11% as of Jan. 27, 2009. The bonds were issued in order rehabilitate two adjoining buildings located in Denver, Colo. The project consists of 32 low-income units...

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

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 READ MORE >

Note: Product cover images may vary from those shown

Denver City & Cnty

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

PLEASE SELECT A FORMAT

  • Quick Help: This Credit Rating Report will be emailed to you.

HAVE A QUESTION?

If you have a more general question about our products please try our

FAQ SECTION

RELATED PRODUCTS

Our Clients

  • Fluidigm Corporation
  • Apple, Inc.
  • CEVA Santé Animale
  • Abbott Laboratories Ltd.
  • Merck Group
  • Allergan Inc.
  • Pfizer, Inc.