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

SAN FRANCISCO (S&P Global Ratings) April 21, 2020--S&P Global Ratings assigned its 'AAA' long-term rating to the Georgia Housing and Finance Authority's (GHFA) single-family mortgage bonds, 2020 series A (non-AMT). At the same time, we 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. GHFA will use the 2020 series A bond proceeds to purchase new single-family mortgage loans, refund certain prior bonds that it issued, fund down payment assistance loans, and pay costs of issuance. "The 'AAA' rating reflects our view of the following the very strong credit quality of the collateral securing the bonds, cash flow scenarios that demonstrate sufficient excess assets after our

...April 21, 2020 SAN FRANCISCO (S&P Global Ratings) April 21, 2020--S&P Global Ratings assigned its '###' long-term rating to the Georgia Housing and Finance Authority's (GHFA) single-family mortgage bonds, 2020 series A (non-AMT). At the same time, we 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. GHFA will use the 2020 series A bond proceeds to purchase new single-family mortgage loans, refund certain prior bonds that it issued, fund down payment assistance loans, and pay costs of issuance. "The '###' rating reflects our view of the following the very strong credit quality of the collateral securing the bonds, cash flow scenarios that demonstrate sufficient excess assets after our loan-loss projections, strong asset management oversight, and fully funded reserves and sufficient liquidity," said S&P Global Ratings credit analyst Aulii Limtiaco. The stable one-year outlook reflects...

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