S&P Global Ratings assigned its 'AAA' long-term rating to Georgia Housing and Finance Authority's (GHFA) $130.1 million single-family mortgage bonds (SFMBs) 2023 series B. At the same time, we affirmed our 'AAA' long-term rating on GHFA's SFMBs outstanding. The outlook is stable. Revenue from and all amounts held in any fund excluding those related to GHFA's rebate obligation, including investments, held pursuant to the authorizing resolutions secure bonds issued within the SFMB program. The bonds are also general obligations of the authority, payable out of any of the authority's revenue, money, or assets legally available. S&P Global Ratings does not carry a public rating on the authority. According to preliminary transaction documents, approximately $130.1 million of 2023 series B bonds
