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

SAN FRANCISCO (S&P Global Ratings) Sept. 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 B (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 B bond proceeds to purchase new single-family mortgage loans, fund down-payment assistance loans, and pay costs of issuance. "The 'AAA' rating reflects our view of the very strong credit quality of the collateral securing the bonds, sufficient asset-liability parity, low-risk debt profile, strong asset management oversight, and fully funded reserves and sufficient liquidity in the resolution,"

...September 21, 2020 SAN FRANCISCO (S&P Global Ratings) Sept. 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 B (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 B bond proceeds to purchase new single-family mortgage loans, fund down-payment assistance loans, and pay costs of issuance. "The '###' rating reflects our view of the very strong credit quality of the collateral securing the bonds, sufficient asset-liability parity, low-risk debt profile, strong asset management oversight, and fully funded reserves and sufficient liquidity in the resolution," said S&P Global Ratings credit analyst Alan Bonilla The stable one-year outlook reflects our opinion of the resolution's financial strength and the authority's...

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