Minnesota Housing Finance Agency; General Obligation; Single Family Whole Loan - S&P Global Ratings’ Credit Research

Minnesota Housing Finance Agency; General Obligation; Single Family Whole Loan

Minnesota Housing Finance Agency; General Obligation; Single Family Whole Loan - S&P Global Ratings’ Credit Research
Minnesota Housing Finance Agency; General Obligation; Single Family Whole Loan
Published Oct 28, 2008
1761 words — Published Oct 28, 2008
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Standard&Poor's Ratings Services affirmed its 'AA+' underlying rating (SPUR) on Minnesota Housing Finance Agency's (MHFA) residential finance bonds following the adoption of an amendment to the 1995 Bond Resolution No. 95-82. The amendment allows the remarketing agent to remarket bonds to the agency. The long-term ratings on MHFA's residential housing finance bonds reflect: Very strong financial performance of the bond program; Credit quality of the residential housing finance loan portfolio appropriate for the 'AA' rating level; Loan-loss coverage at the 'AA' rating level provided by overcollateralization and a leveraged self-insurance fund; Cash flow strength; Investments commensurate with the 'AA' rating level; and All bonds that additionally benefit from the general obligation (GO) pledge of MHFA (AA+) and the

  
Brief Excerpt:

RESEARCH Minnesota Housing Finance Agency; General Obligation; Single Family Whole Loan Publication date: 28-Oct-2008 Primary Credit Analyst: Carolina Patino, Chicago (1) 312-233-7001; carolina_patino@standardandpoors.com Secondary...

  
Report Type:

Full Report

Issuer
Minnesota Hsg Fin Agy
Sector
Public Finance
Country
United States
Region
United States
Format:
HTML HTML
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. "Minnesota Housing Finance Agency; General Obligation; Single Family Whole Loan" Oct 28, 2008. Alacra Store. May 19, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Minnesota-Housing-Finance-Agency-General-Obligation-Single-Family-Whole-Loan-679606>
  
APA:
S&P Global Ratings’ Credit Research. (). Minnesota Housing Finance Agency; General Obligation; Single Family Whole Loan Oct 28, 2008. New York, NY: Alacra Store. Retrieved May 19, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Minnesota-Housing-Finance-Agency-General-Obligation-Single-Family-Whole-Loan-679606>
  
US$ 500.00
$  £  €
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.