Standard & Poor's Ratings Services affirmed its 'AA+' long-term rating on Nebraska Investment Finance Authority's (NIFA) series 2009A, 2009 series A (subseries A-1), and 2011A homeownership revenue bonds issued under its New Issue Bond Program (NIBP) indenture. The outlook on all ratings is negative. The rating affirmation confirms that the Second Amendment to the 2009 Supplemental Indenture of Trust will not affect the rating on the bonds. The ratings reflect our opinion of: The very high quality of assets supporting the bonds, consisting of Ginnie Mae and Fannie Mae mortgage-backed certificates (MBS) and reserves; Investments that are commensurate with the rating on the bonds; Sufficiency of revenues to pay debt service and fees when due; and The rating of the...
Companies mentioned in this report are:
- Nebraska Invest Fin Auth
Action: Outlook: Negative
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