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North Carolina Housing Finance Agency; Single Family Whole Loan Oct 11 Product Image

North Carolina Housing Finance Agency; Single Family Whole Loan Oct 11

  • ID: 2169698
  • October 2011
  • Region: North Carolina
  • Standard & Poors

Abstract
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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Research Type: Full Analysis

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