Michigan State Housing Development Authority; General Obligation Apr 11
Standard & Poors, April 2011
Abstract
Standard & Poor's Ratings Services assigned its 'AA' long-term rating to Michigan State Housing Development Authority's (MSHDA) rental housing revenue bonds series 2011A, 2011B, and 2011C. At the same time, Standard & Poor's affirmed its 'AA' long-term and underlying (SPUR) ratings on MSHDA's outstanding debt under the rental housing resolution. The outlook is stable. The ratings reflect MSHDA's general obligation (GO) pledge, for which Standard & Poor's maintains an 'AA' issuer credit rating (ICR), which reflects our opinion of: Very strong, consistent, and improving financial performance; Very strong quality and performance of the authority's asset portfolio; A seasoned management team, with a demonstrated track record; MSHDA's success in meeting its legislative mandate and maintaining a strong and positive relationship with...
Companies mentioned in this report are:
- Michigan St Hsg 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: Full Analysis
- Michigan St Hsg Dev Auth
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW5
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
