...SAN FRANCISCO (S&P Global Ratings) Dec. 5, 2016--S&P Global Ratings raised its long-term rating and underlying rating (SPUR) to '##' from '##-' rating on all bonds outstanding under the Massachusetts Housing Finance Agency's (MassHousing) main multifamily housing revenue bond resolution (the housing bond resolution). At the same time, S&P Global Ratings assigned its '##' long-term rating to MassHousing's housing revenue bonds, 2016 series H and I. The outlook is stable. "The rating action reflects our view of improvement in financial strength and loss coverage of the resolution to extremely strong from very strong," said S&P Global Ratings credit analyst Aulii Limtiaco. The proceeds of the series 2016 bonds will be used to finance the acquisition, construction, and/or rehabilitation of affordable multifamily properties, fund the debt service reserve fund, and pay costs of issuance. The stable outlook reflects our view of the anticipated stability of the seasoned portfolio of mortgage loans,...
