Summary: Minneapolis, Minneasota; Multifamily GNMA - S&P Global Ratings’ Credit Research

Summary: Minneapolis, Minneasota; Multifamily GNMA

Summary: Minneapolis, Minneasota; Multifamily GNMA - S&P Global Ratings’ Credit Research
Summary: Minneapolis, Minneasota; Multifamily GNMA
Published Nov 17, 2009
Published Nov 17, 2009
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Standard&Poor's Ratings Services affirmed its 'AAA' long-term rating on Minneapolis, Minn.'s, Bossen Terrace multifamily housing revenue bonds, series 1998. Ginnie Mae mortgage-backed securities secure the bonds. The rating reflects our view of the following: The extremely high credit quality, of the Ginnie Mae mortgage-backed securities, which we consider to be 'AAA' eligible; The sufficiency of revenues from mortgage debt service payments and investment earnings to pay full and timely debt service on the bonds until maturity; The extremely strong investment quality; and An asset to liability ratio of 102.6% as of June 2, 2009. The rating reflects the strong credit quality of the assets and credit support underlying the issue. All funds are invested in a Wells Fargo

  
Report Type:

Summary

Ticker
MINMED
Issuer
Sector
Global Issuers, Public Finance
Country
Region
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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.

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MLA:
S&P Global Ratings’ Credit Research. "Summary: Minneapolis, Minneasota; Multifamily GNMA" Nov 17, 2009. Alacra Store. May 20, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Minneapolis-Minneasota-Multifamily-GNMA-757817>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Minneapolis, Minneasota; Multifamily GNMA Nov 17, 2009. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Minneapolis-Minneasota-Multifamily-GNMA-757817>
  
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