Summary: Public Finance Authority, WI (Chisom Housing Group, Series 2012A, 2012A-T); Section 8 - S&P Global Ratings’ Credit Research

Summary: Public Finance Authority, WI (Chisom Housing Group, Series 2012A, 2012A-T); Section 8

Summary: Public Finance Authority, WI (Chisom Housing Group, Series 2012A, 2012A-T); Section 8 - S&P Global Ratings’ Credit Research
Summary: Public Finance Authority, WI (Chisom Housing Group, Series 2012A, 2012A-T); Section 8
Published Nov 16, 2012
1299 words — Published Nov 16, 2012
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Abstract:

Standard&Poor's Ratings Services has assigned its 'A-' long-term rating to  Public Finance Authority, Wis.' (CHG Section 8 Assisted Housing Pool Project) multifamily housing revenue bonds series 2012A and taxable series 2012A-T, issued for  Chisom Housing Group (CHG). The outlook is stable. The rating reflects our opinion of the following strengths: The first mortgage lien and a pledge of all project revenues from a pool of 11 separate apartment projects to the bondholders; The pledge of revenue to the bondholders from 11 Department of Housing&Urban Development (HUD) Section 8 housing assistance payment (HAP) contracts through the term of the contracts, and the pledge of anticipated renewal contracts; The oversight provided by HUD for the Section 8 contracts; The

  
Brief Excerpt:

RESEARCH Summary: Public Finance Authority, WI (Chisom Housing Group, Series 2012A, 2012A-T); Section 8 Publication date: 16-Nov-2012 Primary Credit Analyst: Raymond S Kim, New York (1) 212-438-2005; raymond_kim@standardandpoors.com...

  
Report Type:

Summary

Issuer
Public Finance Authority
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Public Finance Authority, WI (Chisom Housing Group, Series 2012A, 2012A-T); Section 8" Nov 16, 2012. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Public-Finance-Authority-WI-Chisom-Housing-Group-Series-2012A-2012A-T-Section-8-1035836>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Public Finance Authority, WI (Chisom Housing Group, Series 2012A, 2012A-T); Section 8 Nov 16, 2012. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Public-Finance-Authority-WI-Chisom-Housing-Group-Series-2012A-2012A-T-Section-8-1035836>
  
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