Home Credit Ratings and Research S&P Global Ratings’ Credit Research Minnesota Hsg Fin Agy

Minnesota Housing Finance Agency; Housing, General Obligation

Published May 28, 2003

871 words — Published May 28, 2003

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Abstract:

The rating on Minnesota Housing Finance Agency's (MHFA) bonds reflects: The GO pledge of MHFA ('AA+') and its top-tier status. Very strong financial performance and credit quality of the residential housing finance bond program. High levels of loan loss coverage provided by over-collateralization and a leveraged self-insurance fund. Cash flow strength; and Investments commensurate with the rating on the bonds. All bonds additionally benefit from the moral obligation pledge of Minnesota (AAA). The dual ratings on the short-term bonds reflect the investment of bond principal in investment agreements with appropriately rated providers until the mandatory tender dates scheduled for each series. MHFA is amending their general bond resolution to permit the usage of swaps. Payments to swap counter parties will

Brief Excerpt:

RESEARCH Minnesota Housing Finance Agency; Housing, General Obligation Publication date: 28-May-2003 Credit Profile AFFIRMED $322.225 mil. Minnesota Hsg Fin Agy resid hsg fin bnds ser 2001 A-D, 2002 C-D, G, I-K ##+/A-1+ $193.225 mil....

Report Type:

Full Report

Issuer

Minnesota Hsg Fin Agy

Sector

Public Finance

Country

United States

Region

United States

Format:

HTML

Summary: Minnesota Hsg Fin Agy; Housing, General Obligation – 2003/07/10 – US$ 225.00

Minnesota Housing Finance Agency; Housing, General Obligation – 2003/07/23 – US$ 500.00

Summary: Minnesota Hsg Fin Agy; Housing, Single Family Whole Loan – 2003/07/25 – US$ 225.00

Summary: Minnesota Hsg Fin Agy; Housing, General Obligation – 2003/07/25 – US$ 225.00

Summary: Minnesota Hsg Fin Agy; Housing, General Obligation – 2003/07/29 – US$ 225.00

Summary: Minnesota Hsg Fin Agy; Housing, General Obligation – 2003/05/28 – US$ 225.00

Summary: Minnesota Hsg Fin Agy; Housing, General Obligation – 2003/05/14 – US$ 225.00

Merrill Lynch SBPA-Backed Municipal Short-Term Ratings Raised to 'A-1+' – 2003/03/13 – US$ 150.00

Minnesota Housing Finance Agency; Housing, General Obligation – 2003/02/05 – US$ 500.00

Summary: Minnesota Hsg Fin Agy; Housing, General Obligation – 2003/02/05 – US$ 225.00

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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.

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MLA:	S&P Global Ratings’ Credit Research. "Minnesota Housing Finance Agency; Housing, General Obligation" May 28, 2003. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Minnesota-Housing-Finance-Agency-Housing-General-Obligation-315270>

APA:	S&P Global Ratings’ Credit Research. (). Minnesota Housing Finance Agency; Housing, General Obligation May 28, 2003. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Minnesota-Housing-Finance-Agency-Housing-General-Obligation-315270>

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