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Summary: Rhode Island Hsg & Mtg Fin Corp; Housing, Note; Housing, Single Family Whole Loan Jul 05 Product Image

Summary: Rhode Island Hsg & Mtg Fin Corp; Housing, Note; Housing, Single Family Whole Loan Jul 05

  • Published: July 2005
  • Region: Rhode Island
  • Standard & Poors

Abstract
The 'AA+' rating on Rhode Island Housing and Mortgage Finance Corp.'s (RIHMFC) series 50 bonds and the outstanding debt issued under the homeownership opportunity bond resolution reflects: Excellent performance and strong credit quality of the mortgage loan collateral, Strength of the indenture cash flow runs, Very strong reserve levels that are sized in accordance with Standard & Poor's Ratings Services 'AA' rating level to provide protection for potential loan losses, High credit quality of investments under the resolution, which are invested substantially with providers whose ratings are 'AA+' and higher, The corporation's very strong issuer credit rating ('AA-'), and RIHMFC's top-tier status. The 'SP-1+' rating on the series 50C notes reflects the high quality of the investments in which the...

Companies mentioned in this report are:
- Rhode Island Hsg & Mtg Fin Corp

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 READ MORE >

- Rhode Island Hsg & Mtg Fin Corp

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