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California Statewide Communities Dev Auth's Multifam Bnds Rated 'AAA' & 'AAA/A-1+' Nov 00
Standard & Poors, Nov 2000
Abstract
SAN FRANCISCO (Standard & Poor's CreditWire) Nov. 8, 2000--Standard & Poor's today assigned its triple-'A'/'A-1'-plus rating to California Statewide Communities Development Authority's $6.15 million variable-rate demand multifamily housing revenue bonds series 2000X, issued for Hidden Grove; the authority's $3.99 million variable-rate demand multifamily housing revenue bonds series 2000R, issued for Granite Oaks; and the authority's $8.64 million variable-rate demand multifamily housing revenue bonds series 2000Y, issued for Olympus Park. In addition, Standard & Poor's assigned its triple-'A' rating to the authority's $1.18 million taxable variable-rate demand multifamily housing revenue bonds series 2000R-T, issued for Granite Oaks; the authority's $1.58 million taxable multifamily housing revenue bonds series 2000X-T, issued for Hidden Grove; and the authority's $2.38 million taxable multifamily housing revenue...
Companies mentioned in this report are: California Statewide Communities Dev Auth
Action: New Rating
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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