Home Credit Ratings and Research S&P Global Ratings’ Credit Research Portland

Summary: Portland, OR; Revenue - Housing, Multifamily FNMA

Published Oct 20, 1998

530 words — Published Oct 20, 1998

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Abstract:

The rating on Portland, Ore.'s bonds reflects: * FNMA credit enhancement of the mortgage backing the bonds through a collateral agreement and MBS guarantee; * 'AAA' rated investments; and * Cash flows evidencing the full and timely payment of debt service and program fees. Bond proceeds will be used to fund a $23 million mortgage that is backed by an FNMA collateral agreement upon closing on the bonds. FNMA pledges under the collateral agreement to cover missed mortgage payments and any shortfalls following an involuntary mortgage prepayment or acceleration of bond maturities. FNMA's collateral agreement is a GO of FNMA. The agreement extends to all trust estate funds deemed a preference and to funds subject to the stay provisions under

Brief Excerpt:

RESEARCH Summary: Portland, OR; Revenue - Housing, Multifamily FNMA Publication date: 20-Oct-1998 Credit Profile $23 mil muni debt muni issue ser 1998 due 2031 ### Sale date: 22-OCT-98 RATIONALE The rating on Portland, Ore.'s bonds reflects:...

Report Type:

Summary

Issuer

Portland

Sector

Global Issuers, Public Finance

Country

United States

Region

United States

Format:

HTML

Portland, OR's Multifamily Housing Revenue Bonds Rated 'AAA' – 1999/06/16 – US$ 150.00

Summary: Portland, OR; Revenue - Housing, Multifamily FNMA – 1999/06/17 – US$ 225.00

Portland, OR's Sewer System Revenue Bonds Rated 'A+'; Outlook Stable – 2000/09/06 – US$ 150.00

Portland, Oregon; Revenue - Utility, Water/Sewer – 2000/09/06 – US$ 500.00

Summary: Portland, OR; Housing, Multifamily FNMA – 2001/03/15 – US$ 225.00

S&P Rates Portland,OR's Multifam Hsg Rev Bonds 'AAA' – 1998/10/15 – US$ 150.00

Summary: Portland, OR; Revenue - Housing, Multifamily FNMA – 1998/09/23 – US$ 225.00

S&P Rts Portland,OR Multifam Revs/Collins Circle AAA – 1998/09/22 – US$ 150.00

Summary: Portland, OR; Revenue - Utility, Water/Sewer – 1998/09/19 – US$ 225.00

Portland, Oregon; Revenue - Utility, Water/Sewer – 1998/09/16 – US$ 500.00

More from S&P Global Ratings’ Credit Research

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: Portland, OR; Revenue - Housing, Multifamily FNMA" Oct 20, 1998. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Portland-OR-Revenue-Housing-Multifamily-FNMA-75437>

APA:	S&P Global Ratings’ Credit Research. (). Summary: Portland, OR; Revenue - Housing, Multifamily FNMA Oct 20, 1998. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Portland-OR-Revenue-Housing-Multifamily-FNMA-75437>

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