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Summary: Cleveland County Home Loan Authority, Oklahoma; Single Family Multiple MBS Jun 12
Standard & Poors, June 2012
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: Outlook: Negative
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Cleveland Cnty Home Loan Auth