...April 16, 2024 NEW YORK (S&P Global Ratings) April 16, 2024--S&P Global Ratings assigned its '##+' long-term rating to the Massachusetts Housing Finance Agency's (MassHousing) $124.3 million series 233, 234, and 235 single-family housing revenue bonds (SFHRBs) within its SFHRB program. At the same time, S&P Global Ratings affirmed its '##+', '##+/A-1+', and '##+/A-1' ratings on previously issued debt within MassHousing's SFHRB program. The outlook, where applicable, is stable. MassHousing will use series 233, 234, and 235 bond proceeds to refund the series 2023 note, finance the replacement refunding of various bonds outstanding under the program, and purchase mortgage-backed securities backed by mortgage loans or directly purchase of whole mortgage loans under the program. Bond proceeds will also fund down payment assistance loans for eligible borrowers. "The rating reflects our view of such factors as the program's management and operational risk assessment, overcollateralization and...
