Summary: Michigan State Housing Development Authority; General Obligation - S&P Global Ratings’ Credit Research

Summary: Michigan State Housing Development Authority; General Obligation

Summary: Michigan State Housing Development Authority; General Obligation - S&P Global Ratings’ Credit Research
Summary: Michigan State Housing Development Authority; General Obligation
Published Jul 10, 2019
3 pages (1013 words) — Published Jul 10, 2019
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings confirmed its 'AA/A-1' rating on Michigan State Housing Development Authority's series 2008C and 2008D rental-housing revenue bonds following the review of an upcoming substitution of the current standby-bond-purchase agreement (SBPA) with a substitute SBPA provided by PNC Bank N.A. We will likely affirm the rating to reflect the then current rating of PNC Bank N.A. on the effective substitution date of July 25, 2019.

  
Brief Excerpt:

...S&P Global Ratings confirmed its '##/A-1' rating on Michigan State Housing Development Authority's series 2008C and 2008D rental-housing revenue bonds following the review of an upcoming substitution of the current standby-bond-purchase agreement (SBPA) with a substitute SBPA provided by PNC Bank N.A. We will likely affirm the rating to reflect the then current rating of PNC Bank N.A. on the effective substitution date of July 25, 2019....

  
Report Type:

Summary

Issuer
Michigan St Hsg Dev Auth
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Michigan State Housing Development Authority; General Obligation" Jul 10, 2019. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Michigan-State-Housing-Development-Authority-General-Obligation-2262039>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Michigan State Housing Development Authority; General Obligation Jul 10, 2019. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Michigan-State-Housing-Development-Authority-General-Obligation-2262039>
  
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