Summary: North Carolina Medical Care Commission; Multifamily GNMA - S&P Global Ratings’ Credit Research

Summary: North Carolina Medical Care Commission; Multifamily GNMA

Summary: North Carolina Medical Care Commission; Multifamily GNMA - S&P Global Ratings’ Credit Research
Summary: North Carolina Medical Care Commission; 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 North Carolina Medical Care Commission health facilities, multifamily housing revenue bonds, series 2001A and B (Providence Place Retirement Nursing Home). 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 101.272% as of Aug. 31, 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. All funds

  
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Summary

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Global Issuers, Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Summary: North Carolina Medical Care Commission; Multifamily GNMA" Oct 14, 2008. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-North-Carolina-Medical-Care-Commission-Multifamily-GNMA-676869>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: North Carolina Medical Care Commission; Multifamily GNMA Oct 14, 2008. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-North-Carolina-Medical-Care-Commission-Multifamily-GNMA-676869>
  
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