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Summary: California Statewide Communities Development Authority; FNMA Collateral Agreement Feb 13

  • ID: 2404480
  • February 2013
  • Region: California
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its 'AA+/A-1+' rating on California Statewide Communities Development Authority's multifamily housing revenue bonds (Kimberly Woods Project) series 1995B. The outlook is negative. The 'AA+' long-term component of the rating reflects our opinion of the likelihood that bondholders will receive payments of debt service, while the 'A-1+' short-term component of the rating reflects our opinion of the likelihood of payments for mandatory and optional tender. The bonds are secured by a collateral agreement provided by the Federal National Mortgage Association (Fannie Mae). Other rating factors include our view of the following: The sufficiency of revenues from mortgage debt service payments and investment earnings to pay full and timely debt service on the bonds until maturity;...

Companies mentioned in this report are:
- California Statewide Communities Dev Auth

Action: Affirmed
Action: Outlook: Negative

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Note: Product cover images may vary from those shown

- California Statewide Communities Dev Auth

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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