Summary: Colorado Housing And Finance Authority; Single Family Whole Loan - S&P Global Ratings’ Credit Research

Summary: Colorado Housing And Finance Authority; Single Family Whole Loan

Summary: Colorado Housing And Finance Authority; Single Family Whole Loan - S&P Global Ratings’ Credit Research
Summary: Colorado Housing And Finance Authority; Single Family Whole Loan
Published Sep 02, 2009
Published Sep 02, 2009
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Abstract:

Standard&Poor's Ratings Services has raised the rating on the Colorado Housing and Finance Authority's class I adjustable-rate single-family mortgage bonds series 2005 B-2 to 'AAA/A-1+' from 'AAA/A-1', following the substitution of a standby bond purchase agreement (SBPA) from Barclays Bank PLC ('A-1+' short-term) for one from Dexia Credit Local ('A-1' short-term) on Sept. 2, 2009. The SPBA will cover 100% of principal and interest for 184 days. The outlook is stable. The SBPA expires on Sept. 1, 2010, unless terminated earlier in accordance with its terms. One automatic termination event without notice is the lowering of the long-term rating on the bonds, currently 'AAA', to less than 'BBB-'. Should such an event occur, the bondholders' option to tender

  
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Summary

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Global Issuers, Public Finance, Structured Finance
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Colorado Housing And Finance Authority; Single Family Whole Loan" Sep 02, 2009. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Colorado-Housing-And-Finance-Authority-Single-Family-Whole-Loan-744387>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Colorado Housing And Finance Authority; Single Family Whole Loan Sep 02, 2009. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Colorado-Housing-And-Finance-Authority-Single-Family-Whole-Loan-744387>
  
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