Michigan State Housing Development Authority Bond Rating Raised To 'AA+' From ?AA? On Application Of Methodology - S&P Global Ratings’ Credit Research

Michigan State Housing Development Authority Bond Rating Raised To 'AA+' From ?AA? On Application Of Methodology

Michigan State Housing Development Authority Bond Rating Raised To 'AA+' From ?AA? On Application Of Methodology - S&P Global Ratings’ Credit Research
Michigan State Housing Development Authority Bond Rating Raised To 'AA+' From ?AA? On Application Of Methodology
Published Feb 13, 2023
2 pages (1123 words) — Published Feb 13, 2023
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Abstract:

ENGLEWOOD (S&P Global Ratings) Feb. 13, 2023--S&P Global Ratings raised its long-term and underlying ratings on the Michigan State Housing Development Authority's (MSHDA) rental housing revenue bond (RHRB) general resolution bonds one notch to 'AA+' from 'AA'. At the same time, we assigned our 'AA+' rating to the authority's 2023 series A and B RHRBs. "The upgrade reflects the application of our methodology for rating U.S. public finance mortgage revenue bond programs," said S&P Global Ratings credit analyst Daniel Pulter. The ratings are no longer under criteria observation. The outlook, where applicable, is stable. According to preliminary transaction documents, proceeds of the 2023AB bonds, totaling an estimated $344.8 million, will be used to finance or purchase multifamily mortgage loans, make

  
Report Type:

Ratings Action

Issuer
Michigan St Hsg Dev Auth
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Michigan State Housing Development Authority Bond Rating Raised To 'AA+' From ?AA? On Application Of Methodology" Feb 13, 2023. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Michigan-State-Housing-Development-Authority-Bond-Rating-Raised-To-AA-From-AA-On-Application-Of-Methodology-2948169>
  
APA:
S&P Global Ratings’ Credit Research. (). Michigan State Housing Development Authority Bond Rating Raised To 'AA+' From ?AA? On Application Of Methodology Feb 13, 2023. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Michigan-State-Housing-Development-Authority-Bond-Rating-Raised-To-AA-From-AA-On-Application-Of-Methodology-2948169>
  
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