Summary: California Statewide Communities Development Authority; Escrow; Freddie Mac Direct Pay Sep 10
- ID: 2045132
- September 2010
- Region: California
- Standard & Poors
Standard & Poor's Ratings Services has assigned its 'AAA' rating to California Statewide Communities Development Authority's affordable multifamily housing revenue bonds series 2009A-4 for the Tule Vista Apartments Project. At the same time, Standard & Poor's affirmed its 'AAA' rating on the authority's affordable multifamily housing revenue bonds series 2009A. The 2009A-4 bonds are a subset of the 2009A bonds (New Issue Bond Program). As money from 2009A is moved to specific projects, the amount of money in escrow declines. The series 2009A-4 bonds consist of $3 million in program bonds owned by the U.S. Treasury. The series 2009A bonds were issued under a new trust indenture, and bond proceeds were held in escrow in accordance with the New Issue...
Companies mentioned in this report are:
- California Statewide Communities Dev Auth
Action: New Rating
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