...NEW YORK (S&P Global Ratings) April 27, 2018--S&P Global Ratings assigned its '###' rating to the Georgia Housing and Finance Authority's (GHFA) series 2018A single family mortgage bonds. At the same time, S&P Global Ratings withdrew its rating on GHFA's series 2017D single family mortgage bonds because they were not issued. S&P Global Ratings also affirmed its '###' rating on all debt under GHFA's single family mortgage bond resolution (the 1976 general resolution). The outlook is stable. "The rating reflects our assessment of the authority's solidly performing and low-risk loan portfolio, ample reserves, high-quality investments, and adequate parity," said S&P Global Ratings credit analyst Ki Beom Park. GHFA's single family mortgage bond resolution funds the authority's primary homeownership and down-payment assistance programs, with more than $1 billion in mortgages outstanding under the resolution. The resolution's strength, in our view, stems from its low-risk characteristics including...
