Summary: Cleveland County Home Loan Authority, Oklahoma; Single Family Multiple MBS Jun 12

Standard & Poors, June 2012

Abstract
Standard & Poor's Rating Services has affirmed its 'AA+' long-term rating on Cleveland County Home Loan Authority, Okla.'s single-family mortgage revenue bonds series 2009B, issued under its federal New Issue Bond Program (NIBP) indenture (the issue). The outlook is negative. This rating reflects our view of the following: Continued sufficiency of revenues to pay debt service and fees when due, despite the added stress of an extended mortgage-backed securities (MBS) acquisition deadline; Investments that remain commensurate with the ratings on the bonds; and The high quality of assets supporting the bonds consisting of Ginnie Mae and Freddie Mac MBS and reserves. The rating also reflects the sovereign rating on the U.S. (AA+/Negative). Should the sovereign rating on the U.S. be...

Companies mentioned in this report are: Cleveland Cnty Home Loan Auth
Action: Affirmed
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.

Cleveland Cnty Home Loan Auth

Customers who bought this item also bought

• 2012 America's Neighborhoods-Zip Code 44130 for Cleveland, OH report
• The Future of the Biodefense Industry: Regulation, Funding Opportunities & Company Profiles
• Biodefense Industry - Market to Benefit from Federal Funding such as the BIO EDEP Fund to Support Security Plans
• Survey of Public Relations Practices in Higher Education
• Library Use of eBooks, 2013 Edition
• Government Guarantees - In Focus
• County Directory
• Higher Education Interlibrary Loan Management Benchmarks
• 2009 Public Sector - UK Key Corporate Changes
• Working Americans 1880-2012 Volume I: The Working Class, Second Edition