Georgia Housing and Finance Authority 2016B-1, B-2 Single-Family Mortgage Bonds Assigned 'AAA' Ratings

NEW YORK (S&P Global Ratings) Sept. 27, 2016--S&P Global Ratings assigned its 'AAA' rating to the Georgia Housing and Finance Authority's (GHFA) series 2016B-1 and B-2 single-family mortgage bonds. At the same time, we affirmed our 'AAA' rating on all debt under GHFA's single-family mortgage bond resolution (the 1976 general resolution). The outlook is stable. "The 'AAA' rating reflects our view of sufficient excess assets after our loan loss projections for a 'AAA' rating," said S&P Global Ratings credit analyst Kib Beom Park, "and the strong credit quality of the collateral securing the bonds." Other factors include our opinion of: The quality of the single-family mortgage collateral; and The fully funded reserves and sufficient liquidity. Preliminary offering documents indicate the

...NEW YORK (S&P Global Ratings) Sept. 27, 2016--S&P Global Ratings assigned its '###' rating to the Georgia Housing and Finance Authority's (GHFA) series 2016B-1 and B-2 single-family mortgage bonds. At the same time, we affirmed our '###' rating on all debt under GHFA's single-family mortgage bond resolution (the 1976 general resolution). The outlook is stable. "The '###' rating reflects our view of sufficient excess assets after our loan loss projections for a '###' rating," said S&P Global Ratings credit analyst Kib Beom Park, "and the strong credit quality of the collateral securing the bonds." Other factors include our opinion of: + The quality of the single-family mortgage collateral; and + The fully funded reserves and sufficient liquidity. Preliminary offering documents indicate the 2016B bond proceeds will be used to purchase new single-family mortgage loans to finance single-family housing mortgages in Georgia, fund a deposit capital reserve fund, and refund previously issued bonds...

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