Massachusetts Housing Finance Agency Series 236-238 Single-Family Housing Revenue Bonds Rated 'AA+'; Outlook Stable

NEW YORK (S&P Global Ratings) Aug. 26, 2024--S&P Global Ratings assigned its 'AA+' rating and stable outlook to Massachusetts Housing Finance Agency's (MassHousing) roughly $148.2 million series 236, 237, and 238 single-family housing revenue bonds (SFHRBs) within its SFHRB program. At the same time, S&P Global Ratings affirmed its 'AA+' long-term rating and 'AA+/A?1+' and 'AA+/A?1' dual ratings on previously issued debt within MassHousing's SFHRB program. The outlook is stable. "We could lower the rating or revise the outlook to negative if delinquencies and foreclosures were to increase or overcollateralization were to weaken sharply. However, we do not see these scenarios as likely due to the portfolio's conservative nature, minimal variable?rate debt, and private-insurer exposure," said S&P Global Ratings credit

...August 26, 2024 NEW YORK (S&P Global Ratings) Aug. 26, 2024--S&P Global Ratings assigned its '##+' rating and stable outlook to Massachusetts Housing Finance Agency's (MassHousing) roughly $148.2 million series 236, 237, and 238 single-family housing revenue bonds (SFHRBs) within its SFHRB program. At the same time, S&P Global Ratings affirmed its '##+' long-term rating and '##+/A#1+' and '##+/A#1' dual ratings on previously issued debt within MassHousing's SFHRB program. The outlook is stable. "We could lower the rating or revise the outlook to negative if delinquencies and foreclosures were to increase or overcollateralization were to weaken sharply. However, we do not see these scenarios as likely due to the portfolio's conservative nature, minimal variable#rate debt, and private-insurer exposure," said S&P Global Ratings credit analyst David Greenblatt. "We could raise the rating or revise the outlook to positive if MassHousing's credit quality, debt profile, and liquidity were to remain...

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