Minnesota Housing Finance Agency's (MHFA) issuer credit rating and the ratings on its related debt reflects the core financial strength of the agency and its solid overall operations. General credit strengths include: Extremely sound financial operations with strong capital adequacy ratios, Excellent overall asset quality with prudent oversight, Consistently strong management, Clear indications of state support for the agency's operations and mission, and The state's generally strong economic position. Credit risks include potential weakening of the agency's section 8 portfolio due to rent freezes by HUD, and slower single-family loan production because of bonding considerations, which can reduce the agency's financial strength going forward. MHFA's top-tier status has also been affirmed, reflecting the agency's ability and willingness to provide additional
