Iowa Finance Authority; Single Family Multiple MBS - S&P Global Ratings’ Credit Research

Iowa Finance Authority; Single Family Multiple MBS

Iowa Finance Authority; Single Family Multiple MBS - S&P Global Ratings’ Credit Research
Iowa Finance Authority; Single Family Multiple MBS
Published Oct 04, 2012
2245 words — Published Oct 04, 2012
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Standard&Poor's Ratings Services has affirmed its ratings on Iowa Finance Authority's (IFA) single-family mortgage revenue bonds indenture. The outlook is negative. The 'AA+' rating reflects our opinion of the following: The extremely high quality of assets supporting the bonds, which consist primarily of Ginnie Mae and Fannie Mae mortgage-backed securities (MBS) and reserves; Investment agreements with providers whose ratings are commensurate with the rating on the bonds; and Cash flow strength. The single-family resolution is supported by Ginnie Mae and Fannie Mae MBS. Bond proceeds will be used to make funds available to finance the purchase of Ginnie Mae and Fannie Mae MBS backed by pools of mortgage loans. The mortgage loans will be made to qualifying borrowers

  
Brief Excerpt:

RESEARCH Iowa Finance Authority; Single Family Multiple MBS Publication date: 04-Oct-2012 Primary Credit Analyst: Ki Beom K Park, New York (1) 212-438-8493; kib_park@standardandpoors.com Secondary Contact: Lawrence R Witte, San Francisco...

  
Report Type:

Full Report

Issuer
Iowa Finance Authority
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Iowa Finance Authority; Single Family Multiple MBS" Oct 04, 2012. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Iowa-Finance-Authority-Single-Family-Multiple-MBS-1022949>
  
APA:
S&P Global Ratings’ Credit Research. (). Iowa Finance Authority; Single Family Multiple MBS Oct 04, 2012. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Iowa-Finance-Authority-Single-Family-Multiple-MBS-1022949>
  
US$ 500.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.