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Summary: Michigan State Housing Development Authority; Other

Published Mar 06, 2009

519 words — Published Mar 06, 2009

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Abstract:

Standard&Poor's Ratings Services has raised its long-term rating on Michigan State Housing Development Authority's single-family mortgage revenue bonds series 1997C, 1997D, and 1997E to 'AA+' from 'A' and assigned a stable outlook. The previous rating of 'A' with a negative outlook was assigned on Nov. 19, 2008, and was based on the bond insurance that is provided by Ambac. The upgrade is based on Standard&Poor's assignment of its 'AA+' underlying rating (SPUR) to the bonds, which is based on the rating of the parity resolution, which is currently 'AA+'. (For a full description of the 'AA+' rating please see the article published on Dec. 13, 2007, on RatingsDirect.) The stable outlook reflects the current strong financial

Brief Excerpt:

RESEARCH Summary: Michigan State Housing Development Authority; Other Publication date: 06-Mar-2009 Primary Credit Analyst: Steve Tencer, New York (1) 212-438-2104; steve_tencer@standardandpoors.com Secondary Credit Analyst: Mikiyon...

Report Type:

Summary

Issuer

Michigan St Hsg Dev Auth

Sector

Global Issuers, Public Finance

Country

United States

Region

United States

Format:

HTML

Summary: Michigan State Housing Development Authority; Multifamily FNMA – 2009/03/10 – US$ 225.00

Summary: Michigan State Housing Development Authority Fortis Bank SA/NV Liquidity Facility-Backed Rating Raised To 'AAA/A-1+'; General Obligation – 2009/06/22 – US$ 225.00

Michigan State Housing Development Authority; Single Family Whole Loan – 2009/06/22 – US$ 500.00

Summary: Michigan State Housing Development Authority; Single Family Whole Loan – 2009/06/22 – US$ 225.00

Michigan State Housing Development Authority; General Obligation – 2009/06/30 – US$ 500.00

Michigan State Housing Development Authority Series 1997C-1997E Revenue Bond Rating Raised To 'AA+'; Outlook Stable – 2009/03/06 – US$ 150.00

Michigan State Housing Development Authority Series 1997A Revenue Bond Rating Raised To 'AA'; Outlook Stable – 2009/03/06 – US$ 150.00

Summary: Michigan State Housing Development Authority; Other – 2009/03/06 – US$ 225.00

Summary: Michigan State Housing Development Authority; Letter of Credit – 2009/02/26 – US$ 225.00

Michigan State Housing Development Authority; General Obligation – 2009/02/24 – US$ 500.00

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MLA:	S&P Global Ratings’ Credit Research. "Summary: Michigan State Housing Development Authority; Other" Mar 06, 2009. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Michigan-State-Housing-Development-Authority-Other-707375>

APA:	S&P Global Ratings’ Credit Research. (). Summary: Michigan State Housing Development Authority; Other Mar 06, 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-Other-707375>

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