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AHFC |
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) Under the Alaska Housing Finance Corporation
("AHFC") Tax-Exempt First-Time Home Buyers Program, featuring
reduced interest rates and down payments, and the AHFC Interest Rate
Reduction for Low-Income Borrowers Program, featuring reduced interest
rates determined by the borrower's income, the bank made 832 loans,
totaling $75. The expected ratings on all notes are based
on the high quality of the receivables originated and serviced by AHFC,
the transaction's sound legal and cash flow structure, the 3. The bonds' 'AA+' rating also reflects the
amounts on deposit in funds and accounts including a loan loss fund held
under the indenture, the strong credit quality of the expected
underlying collateral and related credit enhancements, the adequacy of
projected pledged revenues to pay debt service, and strong management
capabilities and financial strength of AHFC. |
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