TITLE

Moody's Downgrades Omaha Section 8 Development

AUTHOR(S)
Carvlin, Elizabeth
PUB. DATE
December 2002
SOURCE
Bond Buyer;12/18/2002, Vol. 342 Issue 31535, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the downgrading of ratings by Moody's Investors Service Inc. on $595,000 of outstanding housing debt issued through the Nebraska Investment Finance Authority (NIFA) for Yorkshire Development Project, which failed to make a principal and interest payment in October 2002. Notice issued by Minnesota-based trustee Wells Fargo Bank regarding default of the developers; Lack of impact of downgrading on NIFA.
ACCESSION #
8899517

 

Related Articles

  • Sources: Moody's Report Overstates Effect of Raids on HFAs. Vadum, Matthew // Bond Buyer;4/10/2003, Vol. 344 Issue 31612, p5 

    Focuses on the report released by Moody's Investors Service Inc. as of April 2003 on the effect of state raids of state housing finance agencies' (HFA) funds. Possibility of downgrading of HFA rating; Need to distinguish ratings of housing bonds from issuer credit ratings.

  • Moody's rates state finance authorities.  // American Banker;2/22/1994, Vol. 159 Issue 35, p14 

    Reports on Moody's Investors Service's issuance of ratings for state housing finance agencies on their ability to meet general obligations not related to bonds. Ratings assigned to the Illinois Housing and Development Authority and the Alabama Housing Finance Authority; Basis of general...

  • Raters Disagree on Sovereign Ceiling: S&P won't follow Moody's lead on key LatAm restriction; Fitch waffles. Burns, Mairin // Investment Dealers' Digest;6/18/2001, Vol. 67 Issue 24, pN.PAG 

    Reports that U.S. rating agency Standard & Poor's Corp. has announced that it will not follow the lead of Moody's Investors Service Inc. and remove the sovereign ceiling that restricts ratings on Latin American corporations. Appreciation of Moody's decision on alteration of its rating criteria;...

  • Moody's Targets Assisted-Living Sector as Increasingly Risky. Vadum, Matthew // Bond Buyer;04/19/2000, Vol. 332 Issue 30874, p3 

    Reports on Moody's Investors Service Inc.'s analysis of the risk involved in the financing of assisted-living facilities by state housing finance agencies in the United States. Assisted-living facilities that defaulted on mortgages insured under the United States Department of Housing & Urban...

  • After a 5-Year Run, Moody's Lowers Outlook on State HFA Sector to Stable. Vandum, Matthew // Bond Buyer;7/29/2003, Vol. 345 Issue 31687, p6 

    Reports that bonds and debts rating agency Moody's Investors Service Inc. has lowered its outlook on Washington state housing finance agency's (HFA) credits. Reason behind decision of the agency to lower the rating; Decrease in average profit of HFA during the year 2002; Impact of lowered...

  • Default Puts Nebraska Section 8 Debt on Mody's Watch List. Carvlin, Elizabeth // Bond Buyer;12/3/2002, Vol. 342 Issue 31524, p32 

    Reports that Moody's Investors Service Inc. has placed $595,000 of outstanding 1993 multifamily housing revenue bonds issued through the Nebraska Investment Finance Authority on a watch list as a result of a possible monetary default by Yorkshire Development, a first for a Section 8 issue rated...

  • Public housing. Polyak, Ilana // Bond Buyer;04/21/99, Vol. 328 Issue 30624, p8 

    Highlights the claim of Moody's Investors Service analysts that more United States housing authorities are likely to seek out partnerships with state housing finance agencies. Availability of federal funds; Ability to deposit the funds in interest-bearing accounts.

  • Moody's gives housing fund highest rating. E.K.P. // Indianapolis Business Journal;4/24/95, Vol. 16 Issue 4, p29A 

    Reports that the fund used by the Indiana Housing Finance Authority to issue low-interest home mortgages to thousands of Hoosier families has earned the highest financial rating possible from Moody's Investor Service. Significance of the top rating for Indiana home buyers.

  • Moody's: HFA Outlook Bright. Vadum, Matthew // Bond Buyer;09/20/2000, Vol. 333 Issue 30979, p2 

    Highlights Moody's Investors Service's ratings forecasts for the state housing finance agency industry in the United States for the year 2000.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics