Massachusetts Housing Finance Agency's Series 230, 231, And 232 Single-Family Housing Revenue Bonds Rated 'AA+'

NEW YORK (S&P Global Ratings) Oct. 13, 2023--S&P Global Ratings assigned its 'AA+' rating to Massachusetts Housing Finance Agency's (MassHousing) roughly $160 million series 230, 231, and 232 single-family housing revenue bonds (SFHRB) within its SFHRB program. The outlook is stable. At the same time, S&P Global Ratings affirmed its 'AA+', 'AA+/A-1+', and 'AA+/A-1' ratings on MassHousing's existing debt within its 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. We, however, do not expect to lower the rating or revise the outlook to negative during the two-year outlook due to the portfolio's conservative nature, minimal variable-rate debt, and

...October 13, 2023 NEW YORK (S&P Global Ratings) Oct. 13, 2023--S&P Global Ratings assigned its '##+' rating to Massachusetts Housing Finance Agency's (MassHousing) roughly $160 million series 230, 231, and 232 single-family housing revenue bonds (SFHRB) within its SFHRB program. The outlook is stable. At the same time, S&P Global Ratings affirmed its '##+', '##+/A-1+', and '##+/A-1' ratings on MassHousing's existing debt within its 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. We, however, do not expect to lower the rating or revise the outlook to negative during the two-year outlook 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 the resolution's overcollateralization...

Ratings Action