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

SAN FRANCISCO (S&P Global Ratings) March 25, 2022--S&P Global Ratings assigned its 'AAA' long-term rating to the Georgia Housing and Finance Authority's (GHFA) single-family mortgage bonds, 2022 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 2022 series A bond proceeds to purchase new single-family mortgage loans, fund down payment assistance loans, refund the 2009 series C-3 and 2012 series A-1 and A-2 bonds, deposit required amounts to the capital reserve fund, and pay costs of issuance. "The rating reflects our view of the very strong credit quality of the collateral securing the bonds,

...March 25, 2022 SAN FRANCISCO (S&P Global Ratings) March 25, 2022--S&P Global Ratings assigned its '###' long-term rating to the Georgia Housing and Finance Authority's (GHFA) single-family mortgage bonds, 2022 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 2022 series A bond proceeds to purchase new single-family mortgage loans, fund down payment assistance loans, refund the 2009 series C-3 and 2012 series A-1 and A-2 bonds, deposit required amounts to the capital reserve fund, 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 Aulii Limtiaco....

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