Standard & Poor's Ratings Services assigned its 'AA' long-term rating to North Carolina Housing Finance Agency's (NCHFA) home ownership revenue refunding bonds series 32. At the same time, Standard & Poor's affirmed its ratings on all the other series under the parity resolution. The outlook is stable. The rating reflects our view of the following strengths: Very strong credit quality of the single-family mortgage collateral, which includes Federal Housing Administration (FHA); Veterans Administration (VA); United States Department of Agriculture (USDA), which benefits from the full faith and credit of the U.S (AA+); primary mortgage insurance; and uninsured mortgage loans; Asset-to-liability ratios above 100% for series 32 on a standalone basis; Opening parity for the consolidated cash flows statements of 109%...
Companies mentioned in this report are:
- North Carolina Hsg Fin Agy
Action: New Rating
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