Summary: Wyoming Community Development Authority; Single Family Whole Loan

S&P Global Ratings assigned its 'AA+/A-1' dual rating to the Wyoming Community Development Authority's (WCDA) series 2019-4 variable-rate housing revenue bonds, following the issuance of a standby bond purchase agreement (SBPA) provided by Bank of America N.A. We also affirmed our 'AA+' long-term rating and various short-term ratings on the bonds previously issued under WCDA's 1994 parity indenture. The outlook on all ratings, where applicable, is stable. WCDA plans to issue 2019 series 3 housing revenue bonds in conjunction with the 2019 series 4 bonds, secured by the open indenture, which we have rated separately from this transaction. More information on the 2019 series 3 bonds can be found here. The short-term component of the rating reflects our view of

...S&P Global Ratings assigned its '##+/A-1' dual rating to the Wyoming Community Development Authority's (WCDA) series 2019-4 variable-rate housing revenue bonds, following the issuance of a standby bond purchase agreement (SBPA) provided by Bank of America N.A. We also affirmed our '##+' long-term rating and various short-term ratings on the bonds previously issued under WCDA's 1994 parity indenture. The outlook on all ratings, where applicable, is stable. WCDA plans to issue 2019 series 3 housing revenue bonds in conjunction with the 2019 series 4 bonds, secured by the open indenture, which we have rated separately from this transaction. More information on the 2019 series 3 bonds can be found here. The short-term component of the rating reflects our view of the liquidity support in the form of the SBPA provided by Bank of America N.A. The SBPA has an effective date of Sept. 25, 2019, and covers principal and 73 days' interest for a maximum 12% annual rate for the purchase price of bonds...

Summary