DelVal Financial Information

​​​DelVal's net position increased by $2.42 million in 2019. The increase was principally due to increased Loan interest revenues, investment revenues, and a settlement received from a class action lawsuit. For more information, see the links at the bottom of this webpage.

net position

​The Program Administrator prepares quarterly activity reports on the DelVal Loan Program that are provided to credit enhancers, swap counterparties, and investors. 

Pro forma stress tests are prepared for the audit and the credit reviews of the rating agencies. Three scenarios are considered:

  1. The base case of repaying debt as scheduled,
  2. The runoff of repaying debt that can be optionally redeemed as soon as possible, and
  3. The new debt scenario of new debt issues to maintain the Loan Program. ​​

Financial statements, rating agency reports, quarterly reports, and the Excel files used for the stress tests are in the document libraries below.  You will be redirected to a Box Folder.​​​​