DelVal Financial Information

​​​DelVal's net position decreased by $391,653 in 2020. The decrease was principally due to the expenses incurred to issue the 2020 A Series and the 2020 BCD Series. 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.​​​​