Massachusetts Housing Finance Agency Bond Rating Raised To 'AA+' From 'AA' On Credit Quality, Conservative Debt Profile - S&P Global Ratings’ Credit Research

Massachusetts Housing Finance Agency Bond Rating Raised To 'AA+' From 'AA' On Credit Quality, Conservative Debt Profile

Massachusetts Housing Finance Agency Bond Rating Raised To 'AA+' From 'AA' On Credit Quality, Conservative Debt Profile - S&P Global Ratings’ Credit Research
Massachusetts Housing Finance Agency Bond Rating Raised To 'AA+' From 'AA' On Credit Quality, Conservative Debt Profile
Published Oct 13, 2022
3 pages (1503 words) — Published Oct 13, 2022
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Abstract:

NEW YORK (S&P Global Ratings) Oct. 13, 2022--S&P Global Ratings raised its long-term rating and underlying rating (SPUR) to 'AA+' from 'AA' on bonds outstanding under Massachusetts Housing Finance Agency's (MassHousing) housing bond resolution. At the same time, we assigned our 'AA+' rating to MassHousing's 2022 series C housing bonds. The outlook is stable. "The rating upgrade reflects our assessment of the strong presence of federal insurance and tax credits on more than 80% of the loan portfolio, in addition to the relatively conservative debt profile and strong management team," said S&P Global Ratings credit analyst David Greenblatt. The rating reflects the application of our "Methodology For Rating U.S. Public Finance Mortgage Revenue Bond Programs," published Oct. 10, 2022. We

  
Report Type:

Ratings Action

Issuer
Massachusetts Housing Finance Agency
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Massachusetts Housing Finance Agency Bond Rating Raised To 'AA+' From 'AA' On Credit Quality, Conservative Debt Profile" Oct 13, 2022. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Massachusetts-Housing-Finance-Agency-Bond-Rating-Raised-To-AA-From-AA-On-Credit-Quality-Conservative-Debt-Profile-2902743>
  
APA:
S&P Global Ratings’ Credit Research. (). Massachusetts Housing Finance Agency Bond Rating Raised To 'AA+' From 'AA' On Credit Quality, Conservative Debt Profile Oct 13, 2022. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Massachusetts-Housing-Finance-Agency-Bond-Rating-Raised-To-AA-From-AA-On-Credit-Quality-Conservative-Debt-Profile-2902743>
  
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