DENVER (S&P Global Ratings) Oct. 21, 2022--S&P Global Ratings revised its outlook to stable from negative on Michigan State Housing Development Authority's (MSHDA's) single-family mortgage revenue bond (SFMRB) program. At the same time, we assigned our 'AA+' rating to MSHDA's SFMRB 2022 series D, 2022 series E-1, and 2022 series E-2 bonds, with expected par amounts of $268.2 million, $20 million, and $50 million, respectively. In addition, we affirmed our 'AA+' long-term rating and various short-term ratings on the authority's parity debt outstanding, issued under the SFMRB resolution. The outlook, where applicable, is stable. The outlook revision reflects the application of our "Methodology For Rating U.S. Public Finance Mortgage Revenue Bond Programs," published Oct. 10, 2022. The rating is no
