Standard & Poor's Ratings Services affirmed its 'AA+' long-term rating on District of Columbia Housing Finance Agency's (Trinity Towers Apartments) Federal Housing Administration (FHA)-insured multifamily housing revenue bonds series 2002G. The outlook is negative. The bonds are secured by a mortgage loan that is insured by FHA under Ssection 266 Risk Share Program of the Housing and Community Development Act of 1992. The rating continues to reflect our opinion of the following: The high credit quality of the FHA-insured mortgage loan collateral, which we consider to be 'AA+' eligible; Sufficiency of assets and revenues to pay debt service and expenses; A debt service reserve fund sized at six months' debt service on the bonds; Extremely strong investment quality; and An...
Companies mentioned in this report are: District of Columbia Hsg Fin Agy
Action: Outlook: Negative
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