Fitch Assigns 'A+' Bank Bond Rating To Idaho Housing & Fin Association's 2008 Ser C Class I VRDBs.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. has assigned an 'A+' long-term bank bond rating to the estimated $27,000,000 Idaho Housing and Finance Association's (the association) single-family mortgage bonds, 2008 series C class I variable-rate bonds. The 2008 series C variable-rate bonds are currently not in the bank bond mode and are rated 'AAA/F1+' by Fitch. The Rating Outlook is Stable. The liquidity facility for the 2008 series C variable-rate bonds with BNP Paribas BNP Paribas (Euronext: BNP, TYO: 8665 ) is one of the main banks in Europe and France. It was created on 23 May 2000 through the merger of Banque Nationale de Paris (BNP) and Paribas. (rated 'AA/F1+' by Fitch) dated Aug. 1, 2008 is being extended to Aug. 18,2010, upon expiration of the previous contract. The bank bond rating is based on the general obligation of the association as any additional debt service obligations when bonds are in the bank bond mode become general obligations of the association. For further detail on the general obligation rating of the association, please see the press release titled 'Fitch Affirms Various Idaho Housing and Finance Association Bonds' dated Feb. 12, 2009. Additionally, for further details on the 2006 indenture An agreement declaring the benefits and obligations of two or more parties, often applicable in the context of Bankruptcy and bond trading. The term indenture primarily describes secured contracts and has several applications in U.S. law. , please see the most recent report titled 'Idaho Housing and Finance Association - single-family & var-rate mtge fixed-rate bonds ser 2009B cls I-III' dated July 7, 2009 available on Fitch's web site at 'www.fitchratings.com'. Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used. In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. of such ratings are available on the agency's public site, 'www.fitchratings.com'. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct' section of this site. |
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