Summary: Wyoming Community Development Authority; Single Family Whole Loan

S&P Global Ratings has assigned its 'AA+/A-1+' rating to Wyoming Community Development Authority's (WCDA) 2017 series 6 $6 million housing revenue bonds, following the issuance of a standby bond purchase agreement (SBPA) provided by Federal Home Loan Bank of Des Moines. The outlook is stable. The long-term component of the rating on the bonds reflects our view of WCDA's 1994 indenture credit characteristics (AA+/Stable). The short-term component of the rating reflects our view of the liquidity support in the form of the SBPA provided by Federal Home Loan Bank of Des Moines (A-1+). In conjunction with this financing, WCDA is issuing 2017 series 5 housing revenue bonds. For more information on this series, see the full analysis published Nov. 1,

...S&P Global Ratings has assigned its '##+/A-1+' rating to Wyoming Community Development Authority's (WCDA) 2017 series 6 $6 million housing revenue bonds, following the issuance of a standby bond purchase agreement (SBPA) provided by Federal Home Loan Bank of Des Moines. The outlook is stable. The long-term component of the rating on the bonds reflects our view of WCDA's 1994 indenture credit characteristics (##+/Stable). The short-term component of the rating reflects our view of the liquidity support in the form of the SBPA provided by Federal Home Loan Bank of Des Moines (A-1+). In conjunction with this financing, WCDA is issuing 2017 series 5 housing revenue bonds. For more information on this series, see the full analysis published Nov. 1, 2017, on RatingsDirect. The SBPA has an effective date of Nov. 21, 2017, and covers principal and 198 days' interest at a maximum 12% annual rate for the purchase price of bonds that are not successfully remarketed until the first interest payment...

Summary