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

Summary: Minneapolis, Minnesota; Multifamily GNMA

Summary: Minneapolis, Minnesota; Multifamily GNMA - S&P Global Ratings’ Credit Research
Summary: Minneapolis, Minnesota; Multifamily GNMA
Published Oct 14, 2008
Published Oct 14, 2008
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Abstract:

Standard&Poor's Ratings Services affirmed its 'AAA' rating on Minneapolis Community Development Agency, Minn.'s multifamily housing revenue bonds, series 1998 (Riverside Plaza project), issued for the City of Minneapolis. The bonds are secured by a Ginnie Mae mortgage-backed security. Other rating factors are: The sufficiency of revenues from mortgage debt service payments and investment earnings to pay full and timely debt service on the bonds until maturity, Extremely strong investment quality, and An asset-to-liability ratio of 100.65% as of Sept. 8, 2008. The rating reflects the strong credit quality of the assets and credit support underlying the issue. The assets consist of a Ginnie Mae mortgage-backed security, which is 'AAA' eligible under Standard&Poor's rating criteria. Bond funds

  
Report Type:

Summary

Ticker
MINMED
Issuer
Sector
Global Issuers, Public Finance
Country
Region
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Minneapolis, Minnesota; Multifamily GNMA" Oct 14, 2008. Alacra Store. May 20, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Minneapolis-Minnesota-Multifamily-GNMA-676866>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Minneapolis, Minnesota; Multifamily GNMA Oct 14, 2008. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Minneapolis-Minnesota-Multifamily-GNMA-676866>
  
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