Summary: Vermont Ed&Hlth Bldg Fin Agy; Revenue - Housing, Multifamily FHA Insurance - S&P Global Ratings’ Credit Research

Summary: Vermont Ed&Hlth Bldg Fin Agy; Revenue - Housing, Multifamily FHA Insurance

Summary: Vermont Ed&Hlth Bldg Fin Agy; Revenue - Housing, Multifamily FHA Insurance - S&P Global Ratings’ Credit Research
Summary: Vermont Ed&Hlth Bldg Fin Agy; Revenue - Housing, Multifamily FHA Insurance
Published Mar 10, 1999
Published Mar 10, 1999
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Abstract:

The rating on Vermont Educational&Health Buildings Financing Agency's bonds is affirmed. The bonds are secured by a mortgage loan insured by FHA under Section 232 of the National Housing Act. The rating reflects: Quality of the mortgage loan collateral, Sufficiency of reserves to cover any potential shortfalls, Sufficiency of assets and revenues to pay debt service and expenses, Asset-to-liability position of 110.09% as of Feb. 2, 1999, and Investments in 'AA-' rated Prudential Insurance Co. and 'AAAm' rated Federated Trust for U.S. Treasury Obligations. The bonds were issued to finance the Helen Porter Nursing Home, a 118-bed skilled and intermediate nursing-care facility. The mortgage loan is insured by FHA under Section 232 of the National Housing Act. Accordingly,

  
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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: Vermont Ed&Hlth Bldg Fin Agy; Revenue - Housing, Multifamily FHA Insurance" Mar 10, 1999. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Vermont-Ed-Hlth-Bldg-Fin-Agy-Revenue-Housing-Multifamily-FHA-Insurance-96332>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Vermont Ed&Hlth Bldg Fin Agy; Revenue - Housing, Multifamily FHA Insurance Mar 10, 1999. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Vermont-Ed-Hlth-Bldg-Fin-Agy-Revenue-Housing-Multifamily-FHA-Insurance-96332>
  
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