Summary: Clayton County Housing Authority, Georgia; FNMA Collateral Agreement Mar 12

Standard & Poors, March 2012

Abstract
Standard & Poor's Ratings Services affirmed its 'AA+/A-1+' rating on Clayton County Housing Authority, Ga.'s (Hyde Park Club Apartments) multifamily adjustable rate revenue bonds series 1997. The 'AA+' long-term component of the rating reflects our opinion of the strong credit quality of the assets and credit support underlying the issue. The bonds are backed by a mortgage loan that is secured by a Fannie Mae collateral agreement. The 'A-1+' short-term component of the rating reflects our opinion of the likelihood of payment for mandatory and optional tenders. The outlook is negative. The rating reflects our view of the following: The bonds being secured by a FNMA collateral agreement, which we consider to be 'AA+' eligible under our rating criteria; The...

Companies mentioned in this report are: Clayton Cnty Hsg Auth
Action: Affirmed
Action: Outlook: Negative

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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

Clayton Cnty Hsg Auth

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