S&P Global Ratings assigned its 'AA' long-term rating to the Massachusetts Housing Finance Agency's (MassHousing) housing revenue bonds series 2017C. At the same time, S&P Global Ratings affirmed its 'AA' long-term rating on all long-term bonds outstanding and various short-term and variable-rate bonds outstanding under MassHousing's main multifamily housing revenue bond resolution (the housing bond resolution). The outlook, where applicable, 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. The 'AA' ratings reflect our view of: The extremely strong government support, reflecting ongoing support in the form of low-income housing tax credits, Federal Housing Administration (FHA) risk-share mortgage insurance, federal and state rental subsidies,
