Alaska housing industry gets the upgrade on the sides

 

Although Alaska has resisted real estate times difficult, the State increased upward due to a positive change in their bond ratings. With three key rating agencies AAA ratings, home buyers can find more affordable mortgages as a result reduce borrowing costs. The State of Alaska won improved rankings based on their financial health.

Despite an economy in recession and the ongoing woes in the housing sector, Alaska has received the highest rating for bonds issued by the Alaska Housing Finance Authority. The new rating, AAA, was given by the standard & Poor's, Fitch and Moody Investors Service.

Rating agencies founded its decision to upgrade the rating of Alaska on a number of important factors. Areas such as how State loans portfolio is composed, a financial flexibility that responds to developments of the market and the superior financial resources were being considered by the three rating agencies.

Another key element in the ratings upgrade was the credit profile of the State of Alaska and the overall health of its real estate market. The highest rating reflects the quality of mortgage loans from Alaska backed by obligations, but also the additional security provided by reserve of Alaska and other special reserve fund debt service.

For real estate investors, especially large pension funds, ratings AAA indicate Alaska Housing Finance Authority has the capacity to meet its financial obligations mortgage Revenue Bond and shows that the State has a minimal risk to default on bonds issued by the AHFA. Which is good news for an industry that has seen its share of success in recent years.

Ratings AAA show Alaska is financially solid and investors who buy bonds from Alaska Housing Finance Authority can have confidence in their performance. While other areas are still struggling, the Alaska Housing Finance Authority remained financially strong among its creditors.

It may be time to consider a move to the North to Alaska.

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