- Published: May 2012
- Region: Oklahoma, United States
Summary: Oklahoma Cnty Fin Auth; Revenue - Housing, Section 8 Oct 98
- Published: October 1998
- Region: Oklahoma
- Standard & Poors
The rating on Oklahoma County Finance Authority's bonds, issued for Oakridge Village Apartments, reflects: - Strong debt service coverage, - Sufficiency of reserves, - Quality of investments, and - Management provided by Barr Investments Inc. The bonds are secured by a first mortgage lien on the project and all are project revenues, including the 15-year, nonrenewable Housing Assistance Program (HAP). Series B bonds have a second lien position on this revenue stream and are sold with the series C bonds ('CCC'), which have a third lien position on the project (see related rationale for series 1996C). For the year ended Dec. 31, 1997 audited financial statements demonstrate that debt service coverage on the series A bonds is 1.41 times (x),...
Companies mentioned in this report are: Oklahoma Cnty Fin Auth
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.
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.
SHOW LESS READ MORE >
Oklahoma Cnty Fin Auth