Home Credit Ratings and Research S&P Global Ratings’ Credit Research Washington St Hsg Fin Comm

S&P Rates Washington St Hsg Comm CRA Taxable Bnds AAA

Published Nov 04, 1998

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Abstract:

NY -- Standard&Poor's CreditWire 11/4/98 – Standard&Poor's today assigned its triple-'A' rating to Washington State Housing Finance Commission's Community Reinvestment Act taxable single-family program bonds series 1998A due Jan. 1, 2031. The bonds are scheduled to sell Nov. 5, 1998. The rating reflects: -- High credit quality of the FNMA, GNMA, and FHLMC mortgage-backed securities backing the bonds; -- Triple-'A' rated investments; and -- Cash flow sufficiency. The bonds are issued under a closed lien indenture to provide the commission with funds to purchase mortgage-backed securities, which are backed by mortgages originated to borrowers who are at or below 80% of the MSA's median income. The mortgages will be 30-year, fixed rate, fully amortizing loans representing

Report Type:

Ratings Action

Issuer

Washington St Hsg Fin Comm

Sector

Global Issuers, Public Finance

Country

United States

Region

United States

Format:

HTML

Summary: Washington St Hsg Fin Com; Revenue - Housing, Single Family Multiple MBS – 1998/11/09 – US$ 225.00

S&P Affirms Washington St Hsg Fin Com Bnds Rtgs – 1998/12/29 – US$ 150.00

Summary: Washington St Hsg Fin Com; Revenue - Housing, Single Family GNMA; Revenue - Housing, Single Family Multiple MBS – 1999/01/05 – US$ 225.00

Washington State Housing Finance Commission's Refunding Revenue Bonds Rated 'AAA/A-1+' – 1999/10/12 – US$ 150.00

Summary: Washington St Hsg Fin Com; Revenue - Housing, FNMA Collateral Agreement – 1999/10/14 – US$ 225.00

Summary: Washington St Hsg Fin Com; Revenue - Housing, Single Family GNMA – 1998/09/04 – US$ 225.00

Summary: Washington St Hsg Fin Com; Pf Structured, Letter of Credit – 1998/03/12 – US$ 225.00

Summary: Washington St Hsg Fin Com; Revenue - Housing, Multifamily FHA Insurance; Revenue - Housing, Single Family Multiple MBS – 1998/01/12 – US$ 225.00

S&P Afrms Washington St Hsg Finance Commission Bnds – 1998/01/07 – US$ 150.00

Summary: Washington St Hsg Fin Com; Revenue - Housing, FNMA Collateral Agreement – 1997/12/15 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "S&P Rates Washington St Hsg Comm CRA Taxable Bnds AAA" Nov 04, 1998. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-P-Rates-Washington-St-Hsg-Comm-CRA-Taxable-Bnds-AAA-65614>

APA:	S&P Global Ratings’ Credit Research. (). S&P Rates Washington St Hsg Comm CRA Taxable Bnds AAA Nov 04, 1998. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-P-Rates-Washington-St-Hsg-Comm-CRA-Taxable-Bnds-AAA-65614>

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