S&P Global Ratings' issuer credit rating (ICR) on Massachusetts Housing Finance Agency (MassHousing) is 'AA-'. The outlook is stable. An ICR reflects the obligor's general creditworthiness, focusing on its capacity and willingness to meet financial commitments when they come due. It does not apply to any specific financial obligation because it does not consider the obligation's nature and provision, standing in bankruptcy or liquidation, statutory preferences, or legality and enforceability. MassHousing maintains a low-risk asset base, conservative debt profile with minimal variable rate exposure, stable equity ratios, and sufficient liquidity to meet short-term needs. Key credit ratios are in line with those of 'AA-' peers but weaker than those of 'AA' peers. We expect that these factors will remain stable
