Massachusetts Housing Finance Agency 2019 Series C&D Bonds Assigned 'AA' Rating - S&P Global Ratings’ Credit Research

Massachusetts Housing Finance Agency 2019 Series C&D Bonds Assigned 'AA' Rating

Massachusetts Housing Finance Agency 2019 Series C&D Bonds Assigned 'AA' Rating - S&P Global Ratings’ Credit Research
Massachusetts Housing Finance Agency 2019 Series C&D Bonds Assigned 'AA' Rating
Published Nov 15, 2019
2 pages (1161 words) — Published Nov 15, 2019
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

SAN FRANCISCO (S&P Global Ratings) Nov. 15, 2019--S&P Global Ratings assigned its 'AA' long-term rating to the Massachusetts Housing Finance Agency's (MassHousing) 2019 series C-1, C-2 (collectively, the 2019 series C bonds), and D housing bonds. At the same time, S&P Global Ratings affirmed its 'AA' long-term rating and underlying rating (SPUR) ratings, as well as various dual ratings on MassHousing's housing bonds outstanding. The outlook, where applicable, is stable. "The ratings reflect our view of MassHousing's very strong enterprise risk profile, extremely strong financial risk profile, and conservative investment and derivative policies," said S&P Global Ratings credit analyst Aulii Limtiaco. The bond proceeds will be used to provide permanent financing for certain multifamily residential developments. The stable outlook reflects

  
Brief Excerpt:

...November 15, 2019 SAN FRANCISCO (S&P Global Ratings) Nov. 15, 2019--S&P Global Ratings assigned its '##' long-term rating to the Massachusetts Housing Finance Agency's (MassHousing) 2019 series C-1, C-2 (collectively, the 2019 series C bonds), and D housing bonds. At the same time, S&P Global Ratings affirmed its '##' long-term rating and underlying rating (SPUR) ratings, as well as various dual ratings on MassHousing's housing bonds outstanding. The outlook, where applicable, is stable. "The ratings reflect our view of MassHousing's very strong enterprise risk profile, extremely strong financial risk profile, and conservative investment and derivative policies," said S&P Global Ratings credit analyst Aulii Limtiaco. The bond proceeds will be used to provide permanent financing for certain multifamily residential developments. The stable outlook reflects our anticipation that MassHousing's seasoned portfolio of mortgage loans will perform in line with its very strong history, and our view...

  
Report Type:

Ratings Action

Issuer
Massachusetts Housing Finance Agency
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Massachusetts Housing Finance Agency 2019 Series C&D Bonds Assigned 'AA' Rating" Nov 15, 2019. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Massachusetts-Housing-Finance-Agency-2019-Series-C-D-Bonds-Assigned-AA-Rating-2341167>
  
APA:
S&P Global Ratings’ Credit Research. (). Massachusetts Housing Finance Agency 2019 Series C&D Bonds Assigned 'AA' Rating Nov 15, 2019. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Massachusetts-Housing-Finance-Agency-2019-Series-C-D-Bonds-Assigned-AA-Rating-2341167>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.