Iowa Finance Authority 2025A-B Bonds Assigned 'AAA' Rating

ENGLEWOOD (S&P Global Ratings) Jan. 16, 2025--S&P Global Ratings assigned its 'AAA' long-term rating to the Iowa Finance Authority's (IFA) $60 million series 2025A non-AMT (social bonds) and $54.1 million series 2025B taxable single-family mortgage bonds (mortgage-backed securities [MBS] program). At the same time, we affirmed our 'AAA' long-term and 'AAA/A-1+' and 'AAA/A-1' dual ratings on the other applicable variable-rate series bonds outstanding under IFA's 1991 single-family mortgage bond resolution. The outlook is stable. "The ratings reflect our view of the program's legal framework, program management and operational risk assessment, overcollateralization and cash flows capable of withstanding S&P Global Ratings-calculated loss assumptions, sufficient liquidity, and market position characteristics in line with the national housing market," said S&P Global Ratings credit

...January 16, 2025 ENGLEWOOD (S&P Global Ratings) Jan. 16, 2025--S&P Global Ratings assigned its '###' long-term rating to the Iowa Finance Authority's (IFA) $60 million series 2025A non-AMT (social bonds) and $54.1 million series 2025B taxable single-family mortgage bonds (mortgage-backed securities [MBS] program). At the same time, we affirmed our '###' long-term and '###/A-1+' and '###/A-1' dual ratings on the other applicable variable-rate series bonds outstanding under IFA's 1991 single-family mortgage bond resolution. The outlook is stable. "The ratings reflect our view of the program's legal framework, program management and operational risk assessment, overcollateralization and cash flows capable of withstanding S&P Global Ratings-calculated loss assumptions, sufficient liquidity, and market position characteristics in line with the national housing market," said S&P Global Ratings credit analyst Jessica Pabst. Bonds issued within the 1991 resolution are general obligations (GOs)...

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