Current RatingsMoody’s Investors Service has established the Authority’s General Obligation Bond rating at Aa1 with a stable outlook.
"The Aa1 rating with a stable outlook will remain solid, if not grow, financially over the term as a result of SDHDA’s financial position, performance and management."
-Moody's Investors Service, October 15, 2009
Standard & Poor's Rating Service has affirmed the Authority's Homeownership Mortgage program "AAA" rating with a stable outlook.
The ratings reflect:
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Extremely strong credit quality of the mortgage loan collateral with 66% of loans guaranteed by VA or insured by FHA or USDA Rural Development,
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Sufficient loan loss protection at the 'AAA' rating level,
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Fully funded reserves providing ample liquidity,
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Very high-quality investments, and
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Very strong cash flow strength beginning at more than 113% asset-to-liability parity.
-Standard & Poor's Public Finance, October 15, 2009
