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Article: National Consumer Cooperative Bank fixed-rate certificates series 1988-4 rated by Duff & Phelps.
- Article from:
- PR Newswire
- Article date:
- April 25, 1988
CopyrightCOPYRIGHT 1988 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NATIONAL CONSUMER COOPERATIVE BANK FIXED-RATE CERTIFICATES
SERIES 1988-4 RATED BY DUFF & PHELPSTIFICATES
CHICAGO, April 25 /PRNewswire/ -- Duff & Phelps Inc., the national credit rating agency, today assigned a D&P-2 (high double A) rating to the National Cooperative Bank's $7.5 million fixed rate certificates series 1988-4. The certificates are secured by five cooperative apartment buildings in New York City. The purchaser(s) of the loans are entitled to receive principal payments on the mortgage loans together with interest at a pass-through rate of 9.67 percent.
"We performed a property specific inspection analysis to ...