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Summary: Oklahoma Cnty Fin Auth; Housing, Single Family GNMA Nov 04 Product Image

Summary: Oklahoma Cnty Fin Auth; Housing, Single Family GNMA Nov 04

  • ID: 2040262
  • November 2004
  • Region: Oklahoma
  • Standard & Poors

Abstract
The 'AAA' rating on Oklahoma County Finance Authority, Okla.'s single-family mortgage revenue bonds series 1997A (fresh rate mortgage revenue bonds) has been affirmed. The bonds are secured Ginnie Mae mortgage pass-through certificates. Other rating factors include: The sufficiency of revenues from mortgage debt service payments and investment earnings to pay full and timely debt service on the bonds until maturity, Investments held in the 'AAAm' The One Group money market fund, and An asset-to-liability ratio of 100.12% as of Nov. 14, 2004. The rating reflects the strong credit quality of the assets and credit support underlying the issue. The assets consist of Ginnie Mae guaranteed mortgage pass-through certificates which are 'AAA' eligible under Standard & Poor's Ratings Services rating criteria....

Companies mentioned in this report are: Oklahoma Cnty Fin Auth
Action: Affirmed

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