Massachusetts Housing Finance Agency Series 2024B Housing Bonds Rated 'AA+'; Outlook Stable

NEW YORK (S&P Global Ratings) Oct. 29, 2024--S&P Global Ratings assigned its 'AA+' long-term rating and stable outlook to Massachusetts Housing Finance Agency's (MassHousing) roughly $185.9 million series 2024B housing bonds and affirmed its 'AA+' long-term rating and underlying rating (SPUR) on existing housing-bond-resolution debt. S&P Global Ratings also affirmed its 'AA+/A-1+' rating and 'AA+/A-1' rating on MassHousing's existing debt within the housing-bond resolution. The outlook is stable. "We could lower the rating or revise the outlook to negative if MassHousing's credit quality were to deteriorate and projected losses were to increase, if overcollateralization were to weaken, or if MassHousing were to withdraw funds from the resolution in accordance with bond provisions such that overcollateralization is insufficient to withstand projected

...October 29, 2024 NEW YORK (S&P Global Ratings) Oct. 29, 2024--S&P Global Ratings assigned its '##+' long-term rating and stable outlook to Massachusetts Housing Finance Agency's (MassHousing) roughly $185.9 million series 2024B housing bonds and affirmed its '##+' long-term rating and underlying rating (SPUR) on existing housing-bond-resolution debt. S&P Global Ratings also affirmed its '##+/A-1+' rating and '##+/A-1' rating on MassHousing's existing debt within the housing-bond resolution. The outlook is stable. "We could lower the rating or revise the outlook to negative if MassHousing's credit quality were to deteriorate and projected losses were to increase, if overcollateralization were to weaken, or if MassHousing were to withdraw funds from the resolution in accordance with bond provisions such that overcollateralization is insufficient to withstand projected losses at the current level," said S&P Global Ratings credit analyst David Greenblatt. "We could raise the rating or revise...

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