Nebraska Investment Finance Authority; Single Family Multiple MBS Jul 12
Standard & Poors, July 2012
Abstract
Standard & Poor's Ratings Services affirmed its 'AA+/A-1+' rating on Nebraska Investment Finance Authority's (NIFA) single family housing revenue bonds. The outlook is negative. The ratings reflect our view of: Very strong credit quality of the single-family mortgage collateral, mostly in the form of Fannie Mae, Freddie Mac, and Ginnie Mae mortgage-backed securities (MBS); Investments that are commensurate with the rating on the bonds; Cash flow statements demonstrating that revenues and reserves are sufficient to pay full and timely debt service on bonds and fees when incorporating Standard & Poor's assumed stresses; A standby bond purchase agreement (SBPA) for the variable rate bonds (series 2010B and series 2010C) with the Federal Home Loan Bank of Topeka (AA+/Negative/A-1+); and The sovereign...
Companies mentioned in this report are:
- Nebraska Invest Fin Auth
Action: Affirmed
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.
Research Type: Full Analysis
- Nebraska Invest Fin Auth
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