Summary: Illinois Finance Authority; Single Family GNMA - S&P Global Ratings’ Credit Research

Summary: Illinois Finance Authority; Single Family GNMA

Summary: Illinois Finance Authority; Single Family GNMA - S&P Global Ratings’ Credit Research
Summary: Illinois Finance Authority; Single Family GNMA
Published Sep 13, 2024
3 pages (999 words) — Published Sep 13, 2024
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings placed its 'AA+' rating on the Illinois Finance Authority's single-family mortgage revenue bonds, series 1998, on CreditWatch with negative implications. The CreditWatch placement reflects our lack of timely information regarding current asset-to-liability parity, which is a key component to determining credit quality. We expect to resolve the CreditWatch placement within 15 business days. If we determine that we lack information of sufficient quality, reliability, or timeliness to maintain the rating, we could withdraw the rating.

  
Brief Excerpt:

...+ S&P Global Ratings placed its '##+' rating on the Illinois Finance Authority's single-family mortgage revenue bonds, series 1998, on CreditWatch with negative implications. + The CreditWatch placement reflects our lack of timely information regarding current asset-to-liability parity, which is a key component to determining credit quality....

  
Report Type:

Summary

Issuer
Illinois Finance Authority
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: Illinois Finance Authority; Single Family GNMA" Sep 13, 2024. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Illinois-Finance-Authority-Single-Family-GNMA-3249981>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Illinois Finance Authority; Single Family GNMA Sep 13, 2024. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Illinois-Finance-Authority-Single-Family-GNMA-3249981>
  
US$ 225.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.