Georgia Housing And Finance Authority Single Family Mortgage Bonds Assigned 'AAA' Rating

SAN FRANCISCO (S&P Global Ratings) March 26, 2019--S&P Global Ratings assigned its 'AAA' long-term rating to the Georgia Housing and Finance Authority's (GHFA) 2019 series A single family mortgage bonds. We also affirmed our 'AAA' long-term rating on all debt issued under GHFA's single family mortgage bond resolution (the 1976 general resolution). The outlook is stable. "The 'AAA' rating reflects our view of the strong credit quality of the collateral securing the bonds, the various prepayment speeds under which cash flow scenarios run, the strong asset management oversight, and the fully funded reserves and sufficient liquidity," said S&P Global Ratings credit analyst Aulii Limtiaco. The stable outlook reflects our opinion of the resolution's financial strength and the authority's strong oversight.

...SAN FRANCISCO (S&P Global Ratings) March 26, 2019--S&P Global Ratings assigned its '###' long-term rating to the Georgia Housing and Finance Authority's (GHFA) 2019 series A single family mortgage bonds. We also affirmed our '###' long-term rating on all debt issued under GHFA's single family mortgage bond resolution (the 1976 general resolution). The outlook is stable. "The '###' rating reflects our view of the strong credit quality of the collateral securing the bonds, the various prepayment speeds under which cash flow scenarios run, the strong asset management oversight, and the fully funded reserves and sufficient liquidity," said S&P Global Ratings credit analyst Aulii Limtiaco. The stable outlook reflects our opinion of the resolution's financial strength and the authority's strong oversight. A downward revision of the outlook or rating would partly depend on deterioration of the authority's parity and an increase in the percentage of delinquent loans. Should GHFA fail to satisfy...

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