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Summary: Maine State Housing Authority; Multifamily Whole Loan; Other; Single Family Whole Loan Mar 12 Product Image

Summary: Maine State Housing Authority; Multifamily Whole Loan; Other; Single Family Whole Loan Mar 12

  • ID: 2088612
  • March 2012
  • Region: Maine
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its 'AA+/A-2' ratings on Maine State Housing Authority's (MSHA) mortgage purchase bonds series 2008E-1 and 2008E-2. At the same, Standard & Poor's affirmed its ratings on all bonds outstanding under the resolution. The outlook is stable. The long-term component of the ratings reflects our opinion of the strength of the mortgage purchase bond program. The short-term component of the ratings reflects standby bond purchase agreements (SBPAs) currently in effect and provided by KBC Bank N.V. (A-/A-2) for both series 2008E-1 and 2008E-2. We understand MSHA intends to replace the current KBC liquidity facilities enhancing each series with two replacement facilities provided by Citibank N.A. (A/Negative/A-1). Subsequent to the substitution and mandatory tender of each...

Companies mentioned in this report are:
- Maine St Hsg Auth

Action: Affirmed
Action: Outlook: Stable

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