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

Michigan State Housing Development Authority Series 1997C-1997E Revenue Bond Rating Raised To 'AA+'; Outlook Stable

Michigan State Housing Development Authority Series 1997C-1997E Revenue Bond Rating Raised To 'AA+'; Outlook Stable - S&P Global Ratings’ Credit Research
Michigan State Housing Development Authority Series 1997C-1997E Revenue Bond Rating Raised To 'AA+'; Outlook Stable
Published Mar 06, 2009
520 words — 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 single-family mortgage revenue bonds series 1997C, 1997D, and 1997E to 'AA+' from 'A' and assigned a stable outlook. The previous rating of 'A' with a negative outlook was assigned on Nov. 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 bonds, which is based on the rating of the parity resolution, which is currently 'AA+'. (For a full description of the 'AA+' rating please see the article on Michigan State Housing Development Authority published

  
Brief Excerpt:

RESEARCH Michigan State Housing Development Authority Series 1997C-1997E Revenue Bond Rating Raised To '##+'; Outlook Stable Publication date: 06-Mar-2009 Primary Credit Analyst: Steve Tencer, New York (1) 212-438-2104; steve_tencer@standardandpoors.com...

  
Report Type:

Ratings Action

Issuer
Michigan St Hsg Dev Auth
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Michigan State Housing Development Authority Series 1997C-1997E 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-1997C-1997E-Revenue-Bond-Rating-Raised-To-AA-Outlook-Stable-707374>
  
APA:
S&P Global Ratings’ Credit Research. (). Michigan State Housing Development Authority Series 1997C-1997E 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-1997C-1997E-Revenue-Bond-Rating-Raised-To-AA-Outlook-Stable-707374>
  
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