|
|
 |
|
Viewing report
|
|
|
|
'AAA' Rating Reinstated For California Statewide Communities Development Authority's 2001B Bond (Poinsettia Apts) Oct 10
Standard & Poors, Oct 2010
Abstract
NEW YORK (Standard & Poor's) Oct. 22, 2010--Standard & Poor's Ratings Services said it reinstated the 'AAA' rating on California Statewide Communities Development Authority's series 2001B multifamily housing revenue refunding bonds (Poinsettia Apts). The bonds are supported by a Fannie Mae credit facility. On May 12, 2010, the rating was included in a rating action where we placed certain housing issues on CreditWatch with negative implications due to revised methodology for certain federal government-enhanced housing transactions. On Sept. 21, 2010, the rating was withdrawn due to insufficient information to complete a review. Standard & Poor's has since received information that confirms that the issue, in our opinion, is not reliant on the fluctuations in investment earnings to pay bond debt...
Companies mentioned in this report are: California Statewide Communities Dev Auth
Action: Rating Reinstated
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.
|
|
|
|
