California Housing Finance Agency Issuer Credit Rating Raised To 'AA' On Financial Ratios And Risk Reduction - S&P Global Ratings’ Credit Research

California Housing Finance Agency Issuer Credit Rating Raised To 'AA' On Financial Ratios And Risk Reduction

California Housing Finance Agency Issuer Credit Rating Raised To 'AA' On Financial Ratios And Risk Reduction - S&P Global Ratings’ Credit Research
California Housing Finance Agency Issuer Credit Rating Raised To 'AA' On Financial Ratios And Risk Reduction
Published Dec 12, 2022
2 pages (1056 words) — Published Dec 12, 2022
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About This Report

  
Abstract:

SAN FRANCISCO (S&P Global Ratings) Dec. 12, 2022--S&P Global Ratings raised its issuer credit rating to 'AA' from 'AA-' on the California Housing Finance Agency (CalHFA). The outlook is stable. "The rating action reflects our view of CalHFA's significant improvement in financial ratios over the past two fiscal years, to levels above those of peers, as well as its significant reduction in leverage and risk," said S&P Global Ratings credit analyst Aulii Limtiaco. The stable outlook reflects our expectation that CalHFA's financial ratios, which are above our 'AA' category benchmarks, will decline to some degree, compared with the current very high levels given the agency's leverage and on-balance-sheet lending plans.

  
Brief Excerpt:

...December 12, 2022 SAN FRANCISCO (S&P Global Ratings) Dec. 12, 2022--S&P Global Ratings raised its issuer credit rating to '##' from '##-' on the California Housing Finance Agency (CalHFA). The outlook is stable. "The rating action reflects our view of CalHFA's significant improvement in financial ratios over the past two fiscal years, to levels above those of peers, as well as its significant reduction in leverage and risk," said S&P Global Ratings credit analyst Aulii Limtiaco. The stable outlook reflects our expectation that CalHFA's financial ratios, which are above our '##' category benchmarks, will decline to some degree, compared with the current very high levels given the agency's leverage and on-balance-sheet lending plans....

  
Report Type:

Ratings Action

Issuer
California Housing Finance Agency
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "California Housing Finance Agency Issuer Credit Rating Raised To 'AA' On Financial Ratios And Risk Reduction" Dec 12, 2022. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/California-Housing-Finance-Agency-Issuer-Credit-Rating-Raised-To-AA-On-Financial-Ratios-And-Risk-Reduction-2928550>
  
APA:
S&P Global Ratings’ Credit Research. (). California Housing Finance Agency Issuer Credit Rating Raised To 'AA' On Financial Ratios And Risk Reduction Dec 12, 2022. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/California-Housing-Finance-Agency-Issuer-Credit-Rating-Raised-To-AA-On-Financial-Ratios-And-Risk-Reduction-2928550>
  
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