- Published: May 2012
Summary: Trinity River Public Facility Corp., Texas Overton Square L.P.; Multifamily GNMA Mar 12
- Published: March 2012
- Standard & Poors
Standard & Poor's Ratings Services affirmed its 'AA+' rating on Trinity River Public Facility Corp., Texas' series 2002 multifamily housing revenue bonds (Overton Park Townhomes). The outlook is negative. This rating reflects: The high credit quality of the underlying assets, consisting of a 'AA+' eligible Ginnie Mae mortgage-backed security; The high credit quality of related investments; The sufficiency of revenues from mortgage debt service payments and investment earnings to cover debt service on the bonds; and The issue's sufficient asset to liability ratio of 101.3%. The rating also reflects the 'AA+' sovereign rating of the U.S. and, by extension, Ginnie Mae, the entity responsible for guaranteeing payment to bondholders. The negative outlook reflects the U.S. sovereign rating outlook (AA+/Negative/A-1+). The...
Companies mentioned in this report are: Overton Square L.P.,Trinity River Pub Fac Corp
Action: Outlook: Negative
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.
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.
SHOW LESS READ MORE >
Overton Square L.P.,Trinity River Pub Fac Corp
|Electronic||The report will be emailed to you.|