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Atlanta Urban Residential Finance Authority, GA Series 1987 Bonds Rating Placed On Watch Negative Dec 11
Standard & Poors, Dec 2011
Abstract
NEW YORK (Standard & Poor's) Dec. 30, 2011--Standard & Poor's Rating Services placed its 'AA+' long-term rating on Atlanta Urban Residential Finance Authority, Ga.'s single-family mortgage revenue bonds (Ginnie Mae Collateralized Home Mortgage Loan Program) series 1987 on CreditWatch with negative implications. This action follows repeated attempts by Standard & Poor's to obtain timely information of satisfactory quality to maintain its rating on the securities in accordance with its applicable criteria and policies. Failure to receive the requested information by Jan. 13, 2012, will likely result in the suspension of the affected rating, preceded, in accordance with its policies, by any change to the rating that is considered appropriate given available information....
Companies mentioned in this report are: Atlanta Urban Residential Fin Auth
Action: On CreditWatch:Negative
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, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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