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Summary: Washington St Hsg Fin Comm; Public Finance Structured, Letter of Credit

Published Dec 15, 2004

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Abstract:

Standard&Poor's Ratings Services assigned its 'AA-/A-1+' rating to Washington State Housing Finance Commission's $23.1 million variable rate demand revenue bonds, series 2004A and 2004B, issued for Merrill Gardens Renton Centre project, based on a direct pay letter of credit (LOC) provided by Bank of America ('AA-/A-1+'). The bonds will be issued in the daily interest rate mode, which may be later converted to a weekly or fixed-rate mode. The LOC will provide coverage for all principal and interest for 37 days at 10%. Should the bonds convert to a fixed-rate mode, there is a mandatory call and the LOC does not provide coverage. Bondholders can tender their bonds while in daily or weekly modes. The bonds are also

Report Type:

Summary

Issuer

Washington St Hsg Fin Comm

Sector

Global Issuers, Public Finance

Country

United States

Region

United States

Format:

HTML

Summary: Washington St Hsg Fin Comm; Public Finance Structured, Letter of Credit – 2004/12/16 – US$ 225.00

Summary: Washington St Hsg Fin Comm; Public Finance Structured, Letter of Credit – 2005/08/22 – US$ 225.00

Summary: Washington St Hsg Fin Comm; Housing, Multifamily GNMA – 2006/01/03 – US$ 225.00

Washington State Housing Finance Commission's Rating Placed On CreditWatch Positive – 2006/01/25 – US$ 150.00

Summary: Washington St Hsg Fin Comm; Public Finance Structured, Letter of Credit – 2006/01/25 – US$ 225.00

Summary: Washington St Hsg Fin Comm; Public Finance Structured, Letter of Credit – 2004/12/15 – US$ 225.00

Summary: Washington St Hsg Fin Comm; Housing, Fannie Mae Direct Pay – 2004/07/30 – US$ 225.00

Summary: Washington St Hsg Fin Com; Housing, Freddie Mac Direct Pay – 2004/04/28 – US$ 225.00

Summary: Washington St Hsg Fin Com; Housing, Multifamily GNMA – 2003/11/12 – US$ 225.00

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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: Washington St Hsg Fin Comm; Public Finance Structured, Letter of Credit" Dec 15, 2004. Alacra Store. May 07, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Washington-St-Hsg-Fin-Comm-Public-Finance-Structured-Letter-of-Credit-412851>

APA:	S&P Global Ratings’ Credit Research. (). Summary: Washington St Hsg Fin Comm; Public Finance Structured, Letter of Credit Dec 15, 2004. New York, NY: Alacra Store. Retrieved May 07, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Washington-St-Hsg-Fin-Comm-Public-Finance-Structured-Letter-of-Credit-412851>

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