Standard&Poor's Ratings Services assigned its 'AA+' rating to Minnesota Housing Finance Agency's (MHFA's) series 2015A, B, and C residential housing finance bonds and series 2015C rental housing bonds. At the same time, Standard&Poor's affirmed its 'AA+' issuer credit rating (ICR) on MHFA, and its 'AA+' and 'AA+/A-1+' ratings on MHFA's related debt. The outlook on all issues is stable. The rating reflects our view of these credit strengths: The agency's general obligation (GO) pledge backing the bonds (the agency's creditworthiness is supported by extremely sound financial operations, good overall asset quality, strong and stable management, and strong state support and economic performance); Very strong residential housing assets that comprise whole loans and a growing portfolio of
