Iowa Finance Authority Series 2024C And D Bonds Rated ?AAA?; Outlook Is Stable

ENGLEWOOD (S&P Global Ratings) May 1, 2024--S&P Global Ratings assigned its 'AAA' long-term rating to the Iowa Finance Authority's (IFA) $80.0 million 2024 series C non-AMT (social bonds) and $69.6 million series D single-family mortgage bonds (mortgage-backed securities, or MBS, program). In addition, we affirmed our 'AAA' long-term rating and 'AAA/A-1+' and 'AAA/A-1' dual ratings on the other applicable variable-rate series bonds outstanding under the authority's 1991 single-family mortgage bond resolution. The outlook is stable. Bonds issued within the 1991 resolution are general obligations of IFA, payable from the revenues, assets, and money pledged under the master indenture on a parity basis with all other obligations outstanding under the master indenture. The bonds are also supported by IFA's general obligation

...May 1, 2024 ENGLEWOOD (S&P Global Ratings) May 1, 2024--S&P Global Ratings assigned its '###' long-term rating to the Iowa Finance Authority's (IFA) $80.0 million 2024 series C non-AMT (social bonds) and $69.6 million series D single-family mortgage bonds (mortgage-backed securities, or MBS, program). In addition, we affirmed our '###' long-term rating and '###/A-1+' and '###/A-1' dual ratings on the other applicable variable-rate series bonds outstanding under the authority's 1991 single-family mortgage bond resolution. The outlook is stable. Bonds issued within the 1991 resolution are general obligations of IFA, payable from the revenues, assets, and money pledged under the master indenture on a parity basis with all other obligations outstanding under the master indenture. The bonds are also supported by IFA's general obligation pledge. The short-term component of the dual ratings on the authority's applicable variable-rate series bonds reflects our short-term rating on the Federal Home...

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