Massachusetts Housing Finance Agency Housing Revenue Bonds Assigned 'AA' Rating - S&P Global Ratings’ Credit Research

Massachusetts Housing Finance Agency Housing Revenue Bonds Assigned 'AA' Rating

Massachusetts Housing Finance Agency Housing Revenue Bonds Assigned 'AA' Rating - S&P Global Ratings’ Credit Research
Massachusetts Housing Finance Agency Housing Revenue Bonds Assigned 'AA' Rating
Published Nov 22, 2017
3 pages (1066 words) — Published Nov 22, 2017
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Abstract:

SAN FRANCISCO (S&P Global Ratings) Nov. 22, 2017--S&P Global Ratings assigned its 'AA' long-term rating to the Massachusetts Housing Finance Agency's (MassHousing) housing revenue bonds 2017 series D. At the same time, S&P Global Ratings affirmed its 'AA' long-term rating and various short-term ratings on MassHousing's main multifamily housing revenue bond resolution. The outlook is stable. "The 'AA' rating reflects our view of extremely strong government support, MassHousing's very strong strategy and management and financial policies and practices, MassHousing's very strong loss coverage, the resolution's solid financial strength, and the loans' extremely strong operating performance," said S&P Global Ratings credit analyst Aulii Limtiaco. The proceeds of the bonds will be used to provide permanent financing for certain multifamily residential developments

  
Brief Excerpt:

...SAN FRANCISCO (S&P Global Ratings) Nov. 22, 2017--S&P Global Ratings assigned its '##' long-term rating to the Massachusetts Housing Finance Agency's (MassHousing) housing revenue bonds 2017 series D. At the same time, S&P Global Ratings affirmed its '##' long-term rating and various short-term ratings on MassHousing's main multifamily housing revenue bond resolution. The outlook is stable. "The '##' rating reflects our view of extremely strong government support, MassHousing's very strong strategy and management and financial policies and practices, MassHousing's very strong loss coverage, the resolution's solid financial strength, and the loans' extremely strong operating performance," said S&P Global Ratings credit analyst Aulii Limtiaco. The proceeds of the bonds will be used to provide permanent financing for certain multifamily residential developments selected by MassHousing. The stable outlook reflects our anticipation that the seasoned portfolio of mortgage loans will be stable,...

  
Report Type:

Ratings Action

Issuer
Massachusetts Housing Finance Agency
Sector
Public Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Massachusetts Housing Finance Agency Housing Revenue Bonds Assigned 'AA' Rating" Nov 22, 2017. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Massachusetts-Housing-Finance-Agency-Housing-Revenue-Bonds-Assigned-AA-Rating-1954837>
  
APA:
S&P Global Ratings’ Credit Research. (). Massachusetts Housing Finance Agency Housing Revenue Bonds Assigned 'AA' Rating Nov 22, 2017. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Massachusetts-Housing-Finance-Agency-Housing-Revenue-Bonds-Assigned-AA-Rating-1954837>
  
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