Summary: Michigan State Housing Development Authority Fortis Bank SA/NV Liquidity Facility-Backed Rating Raised To 'AAA/A-1+'; General Obligation - S&P Global Ratings’ Credit Research

Summary: Michigan State Housing Development Authority Fortis Bank SA/NV Liquidity Facility-Backed Rating Raised To 'AAA/A-1+'; General Obligation

Summary: Michigan State Housing Development Authority Fortis Bank SA/NV Liquidity Facility-Backed Rating Raised To 'AAA/A-1+'; General Obligation - S&P Global Ratings’ Credit Research
Summary: Michigan State Housing Development Authority Fortis Bank SA/NV Liquidity Facility-Backed Rating Raised To 'AAA/A-1+'; General Obligation
Published Jun 22, 2009
484 words — Published Jun 22, 2009
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About This Report

  
Abstract:

Standard&Poor's Ratings Services raised its rating on Michigan State Housing Development Authority Fortis Bank SA/NV liquidity facility-backed bonds to 'AAA/A-1+' from 'AAA/A-1' and removed it from CreditWatch with negative implications. This action follows Standard&Poor's upgrade of Fortis Bank SA/NV to 'AA-/A-1+' from 'A/A-1' and removal of Financial Security Assurance Inc. from CreditWatch with negative implications. The negative outlook reflects the outlook of the bond insurer. USPF Criteria: "Bank Liquidity Facilities," June 22, 2007

  
Brief Excerpt:

RESEARCH Summary: Michigan State Housing Development Authority Fortis Bank SA/NV Liquidity Facility-Backed Rating Raised To '###/A-1+'; General Obligation Publication date: 22-Jun-2009 Primary Credit Analyst: Chi W Tang, New York...

  
Report Type:

Summary

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. "Summary: Michigan State Housing Development Authority Fortis Bank SA/NV Liquidity Facility-Backed Rating Raised To 'AAA/A-1+'; General Obligation" Jun 22, 2009. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Michigan-State-Housing-Development-Authority-Fortis-Bank-SA-NV-Liquidity-Facility-Backed-Rating-Raised-To-AAA-A-1-General-Obligation-729141>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Michigan State Housing Development Authority Fortis Bank SA/NV Liquidity Facility-Backed Rating Raised To 'AAA/A-1+'; General Obligation Jun 22, 2009. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Michigan-State-Housing-Development-Authority-Fortis-Bank-SA-NV-Liquidity-Facility-Backed-Rating-Raised-To-AAA-A-1-General-Obligation-729141>
  
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