Michigan State Housing Development Authority 2024 Series A And B Single-Family Mortgage Revenue Bonds Rated ?AA+? - S&P Global Ratings’ Credit Research

Michigan State Housing Development Authority 2024 Series A And B Single-Family Mortgage Revenue Bonds Rated ?AA+?

Michigan State Housing Development Authority 2024 Series A And B Single-Family Mortgage Revenue Bonds Rated ?AA+? - S&P Global Ratings’ Credit Research
Michigan State Housing Development Authority 2024 Series A And B Single-Family Mortgage Revenue Bonds Rated ?AA+?
Published Feb 14, 2024
3 pages (1349 words) — Published Feb 14, 2024
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

ENGLEWOOD (S&P Global Ratings) Feb. 14, 2024--S&P Global Ratings assigned its 'AA+' long-term rating to the Michigan State Housing Development Authority's (MSHDA's) 2024 series A and B single-family mortgage revenue bonds (SFMRBs). At the same time, we affirmed our 'AA+' long-term rating and various dual ratings ('AA+/A-1+' and 'AA+/A-1') on bonds outstanding within the SFMRB resolution. The outlook, where applicable, is stable. All bonds issued under the SFMRB general resolution, including the planned 2024 series A and B bonds, are general obligations of MSHDA. The authority has no taxing power, but its full faith and credit are pledged to the payment of the interest on and the principal or redemption price of the bonds. In addition, pledged property, as defined

  
Brief Excerpt:

...Certain terms used in this report, particularly certain adjectives used to express our view on rating relevant factors, have specific meanings ascribed to them in our criteria, and should therefore be read in conjunction with such...

  
Report Type:

Ratings Action

Issuer
Michigan State Housing Development Authority
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Michigan State Housing Development Authority 2024 Series A And B Single-Family Mortgage Revenue Bonds Rated ?AA+?" Feb 14, 2024. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Michigan-State-Housing-Development-Authority-2024-Series-A-And-B-Single-Family-Mortgage-Revenue-Bonds-Rated-AA-3125819>
  
APA:
S&P Global Ratings’ Credit Research. (). Michigan State Housing Development Authority 2024 Series A And B Single-Family Mortgage Revenue Bonds Rated ?AA+? Feb 14, 2024. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Michigan-State-Housing-Development-Authority-2024-Series-A-And-B-Single-Family-Mortgage-Revenue-Bonds-Rated-AA-3125819>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.