Summary: Illinois Fin Auth; Housing, Single Family GNMA - S&P Global Ratings’ Credit Research

Summary: Illinois Fin Auth; Housing, Single Family GNMA

Summary: Illinois Fin Auth; Housing, Single Family GNMA - S&P Global Ratings’ Credit Research
Summary: Illinois Fin Auth; Housing, Single Family GNMA
Published Oct 21, 2005
514 words — Published Oct 21, 2005
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Abstract:

The 'AAA' rating on Illinois Finance Authority's taxable adjustable-rate single-family mortgage revenue bonds (Fresh Rate Mortgage Revenue Bond Program) series 1999 B has been affirmed. The bonds are secured by Ginnie Mae mortgage-backed securities. Other rating factors include: The sufficiency of revenues from mortgage debt service payments and investment earnings to pay full and timely debt service on the bonds until maturity, Investments held in JPMorgan US Treasury Plus money market fund rated 'AAAm', and An asset-to-liability ratio of 100.07% as of Oct. 1, 2005. The rating reflects the strong credit quality of the assets and credit support underlying the issue. The assets consist of Ginnie Mae mortgage-backed securities, which are 'AAA' eligible under Standard&Poor's Ratings Services rating

  
Brief Excerpt:

RESEARCH Summary: Illinois Fin Auth; Housing, Single Family GNMA Publication date: 21-Oct-2005 Credit Profile AFFIRMED $3.619 mil. Illinois Dev Fin Auth taxable adj rate sin fam mtg rev bnds (Fresh Rate Mtg Rev Bnd Program) ser 1999B...

  
Report Type:

Summary

Issuer
Illinois Finance Authority
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Illinois Fin Auth; Housing, Single Family GNMA" Oct 21, 2005. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Illinois-Fin-Auth-Housing-Single-Family-GNMA-470311>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Illinois Fin Auth; Housing, Single Family GNMA Oct 21, 2005. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Illinois-Fin-Auth-Housing-Single-Family-GNMA-470311>
  
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