Summary: Southern California Home Fin Auth; Housing, Single Family Multiple MBS - S&P Global Ratings’ Credit Research

Summary: Southern California Home Fin Auth; Housing, Single Family Multiple MBS

Summary: Southern California Home Fin Auth; Housing, Single Family Multiple MBS - S&P Global Ratings’ Credit Research
Summary: Southern California Home Fin Auth; Housing, Single Family Multiple MBS
Published Oct 23, 2003
Published Oct 23, 2003
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Abstract:

The 'AAA' rating on Southern California Home Finance Authority's single-family mortgage bonds series 2000B-1B and 2000B-TB has been affirmed. The rating continues to reflect: Assets consisting of Ginnie Mae mortgage-backed securities; payments on which are backed by the full faith and credit of the U.S.; Sufficiency of revenues on the Ginnie Mae payments and investment earnings to pay full and timely debt service on the bonds until maturity; The quality of permitted investments; and An asset-to-liability ratio of 104.11% as of Oct. 6, 2003. The rating reflects the strong credit quality of the assets and credit support underlying the issue. The assets consist of Ginnie Mae guaranteed mortgage pass-through certificates, which guarantee timely payment of principal and interest on the

  
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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: Southern California Home Fin Auth; Housing, Single Family Multiple MBS" Oct 23, 2003. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Southern-California-Home-Fin-Auth-Housing-Single-Family-Multiple-MBS-340610>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Southern California Home Fin Auth; Housing, Single Family Multiple MBS Oct 23, 2003. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Southern-California-Home-Fin-Auth-Housing-Single-Family-Multiple-MBS-340610>
  
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