Georgia Housing and Finance Authority 2025 Series A-B Mortgage Bonds Assigned 'AAA' Rating

ENGLEWOOD (S&P Global Ratings) Feb. 10, 2025--S&P Global Ratings assigned its 'AAA' long-term rating to the Georgia Housing and Finance Authority's (GHFA) 2025 series A (non-AMT) and series B federally taxable single-family mortgage bonds (SFMBs), with a combined par amount of $244.445 million. At the same time, we affirmed our 'AAA' long-term rating on the authority's SFMBs outstanding. The outlook is stable. "The rating reflects our view of the SFMB program's legal framework, program management and operational risk assessment, overcollateralization and cash flows capable of withstanding S&P Global Ratings-calculated loss assumptions, liquid reserves that are sufficient to cover short-term disruptions in asset cash flows, and market position characteristics in line with the national housing market," said S&P Global Ratings credit

...February 10, 2025 ENGLEWOOD (S&P Global Ratings) Feb. 10, 2025--S&P Global Ratings assigned its '###' long-term rating to the Georgia Housing and Finance Authority's (GHFA) 2025 series A (non-AMT) and series B federally taxable single-family mortgage bonds (SFMBs), with a combined par amount of $244.445 million. At the same time, we affirmed our '###' long-term rating on the authority's SFMBs outstanding. The outlook is stable. "The rating reflects our view of the SFMB program's legal framework, program management and operational risk assessment, overcollateralization and cash flows capable of withstanding S&P Global Ratings-calculated loss assumptions, liquid reserves that are sufficient to cover short-term disruptions in asset cash flows, and market position characteristics in line with the national housing market," said S&P Global Ratings credit analyst Jessica Pabst. Revenue from and all amounts held in any fund (excluding those related to GHFA's rebate obligation), including investments,...

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