Michigan State Housing Development Authority Series 1997A Revenue Bond Rating Raised To 'AA'; Outlook Stable - S&P Global Ratings’ Credit Research

Michigan State Housing Development Authority Series 1997A Revenue Bond Rating Raised To 'AA'; Outlook Stable

Michigan State Housing Development Authority Series 1997A Revenue Bond Rating Raised To 'AA'; Outlook Stable - S&P Global Ratings’ Credit Research
Michigan State Housing Development Authority Series 1997A Revenue Bond Rating Raised To 'AA'; Outlook Stable
Published Mar 06, 2009
Published Mar 06, 2009
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Abstract:

NEW YORK (Standard&Poor's) March 6, 2009--Standard&Poor's Ratings Services has raised its long-term rating on Michigan State Housing Development Authority 's rental housing revenue bonds series 1997A to 'AA' from 'A' and assigned a stable outlook. The previous rating of 'A' with a negative outlook was assigned on Dec. 19, 2008, and was based on the bond insurance that is provided by Ambac. The upgrade is based on Standard&Poor's assignment of its 'AA' underlying rating (SPUR) to the agency's bonds, which is based on the issuer credit rating (ICR), which is currently 'AA'. (For a full description of the ICR, please see the article published on Feb. 24, 2009, on RatingsDirect.) The stable outlook reflects

  
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Ratings Action

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MLA:
S&P Global Ratings’ Credit Research. "Michigan State Housing Development Authority Series 1997A Revenue Bond Rating Raised To 'AA'; Outlook Stable" Mar 06, 2009. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Michigan-State-Housing-Development-Authority-Series-1997A-Revenue-Bond-Rating-Raised-To-AA-Outlook-Stable-707376>
  
APA:
S&P Global Ratings’ Credit Research. (). Michigan State Housing Development Authority Series 1997A Revenue Bond Rating Raised To 'AA'; Outlook Stable Mar 06, 2009. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Michigan-State-Housing-Development-Authority-Series-1997A-Revenue-Bond-Rating-Raised-To-AA-Outlook-Stable-707376>
  
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