| Title: | King County Housing Authority, Washington; Affordable Housing |
| Price: | $400.00 |
| Publication Date: | May 07, 2008 |
| Report Type: | Full Report |
| Abstract: | Standard&Poor's Ratings Services affirmed its 'A+' rating on King County Housing Authority, Wash.'s multifamily housing revenue bonds, series 1995A, issued on behalf of Fairwood Apartments. The rating affirmation is based on: Strong debt service coverage of 1.86x, based on 2007 audited financial statements; Increase in gross as well as net rental revenues; Strong occupancy at the property; Experienced ownership, management, and oversight; and Perfected first mortgage security interest in the real property and a perfected security interest in the funds held in the trust estate. The stable outlook reflects the strong demand for affordable housing in the Renton, Wash., submarket, the affordability of the units, and capable management. The consistently strong debt service coverage of this property indicates |
| Brief Excerpt: | RESEARCH Ratings Definitions King County Housing Authority, Washington; Affordable Housing Publication date: ##-May-#### Primary Credit Analyst: Debra Boyd, San Francisco (#) ###-###-####; debra_boyd@standardandpoors.com Secondary... |
| Word Count: | 1100 |
| Issuer: | King Cnty Hsg Auth |
| Sector: | Global Issuers, Public Finance, Financial Institutions |
| Country: | United States |
| Region: | United States |
| Format: | 
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