Summary: Wyoming Community Development Authority; Single Family Whole Loan

S&P Global Ratings assigned its 'AA+/A-1+' dual rating to Wyoming Community Development Authority's (WCDA) 2021 series 2 housing revenue bonds. The outlook is stable. The series 2021 series 2 bonds, with a preliminary par value of $33.5 million, are being issued as variable-rate obligations and will receive enhancement in the form of a standby-bond purchase agreement (SBPA) from Royal Bank of Canada. 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. The SBPA has an effective date of April 29, 2021, and covers principal and 216 days' of initial interest for

...S&P Global Ratings assigned its '##+/A-1+' dual rating to Wyoming Community Development Authority's (WCDA) 2021 series 2 housing revenue bonds. The outlook is stable. The series 2021 series 2 bonds, with a preliminary par value of $33.5 million, are being issued as variable-rate obligations and will receive enhancement in the form of a standby-bond purchase agreement (SBPA) from Royal Bank of Canada. 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. The SBPA has an effective date of April 29, 2021, and covers principal and 216 days' of initial interest for a maximum 12% annual rate for the purchase price of bonds that are not successfully remarketed until the first interest payment date of Dec. 1, 2021, and will thereafter cover principal and 187 days' interest for a maximum 12% annual rate for the purchase...

Summary