S&P Global Ratings assigned its 'AA-/A-1+' rating to the series 2018 variable rate rental housing development bonds issued for Mill Road Apartments, which Massachusetts Housing Finance Agency (MassHousing) plans to remarket on Nov. 1, 2023. At the same time, S&P Global Ratings affirmed its 'AA-' issuer credit rating (ICR) on MassHousing. 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. The series 2018 bonds are general obligations of MassHousing, secured by its full faith and credit payable out of any of its money or revenue; the bonds are also payable and secured by a pledge of and lien on money and investments held in
