Minnesota Housing Finance Agency Series 2021G, H, And I Residential Housing Finance Bonds Assigned 'AA+' Rating - S&P Global Ratings’ Credit Research

Minnesota Housing Finance Agency Series 2021G, H, And I Residential Housing Finance Bonds Assigned 'AA+' Rating

Minnesota Housing Finance Agency Series 2021G, H, And I Residential Housing Finance Bonds Assigned 'AA+' Rating - S&P Global Ratings’ Credit Research
Minnesota Housing Finance Agency Series 2021G, H, And I Residential Housing Finance Bonds Assigned 'AA+' Rating
Published Nov 19, 2021
3 pages (1402 words) — Published Nov 19, 2021
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) Nov. 19, 2021--S&P Global Ratings assigned its 'AA+' rating to Minnesota Housing Finance Agency's (MHFA) series 2021G, 2021H, and 2021I residential housing finance bonds, to be issued at about $175 million. At the same time, S&P Global Ratings affirmed its 'AA+' and 'AA+/A-1+' ratings on MHFA's related debt outstanding. The outlook is stable. The rating reflects our view of the following credit strengths: Very strong residential housing assets, with mortgage-backed securities representing about 83% of mortgage assets; Cash flows demonstrating the program's ability to pay bondholders; and The agency's additional general obligation (GO) pledge that secures the bonds (with creditworthiness supported by a portfolio with high overall asset quality, strong and stable management, and strong

  
Report Type:

Ratings Action

Issuer
Minnesota Housing Finance Agency
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Minnesota Housing Finance Agency Series 2021G, H, And I Residential Housing Finance Bonds Assigned 'AA+' Rating" Nov 19, 2021. Alacra Store. May 16, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Minnesota-Housing-Finance-Agency-Series-2021G-H-And-I-Residential-Housing-Finance-Bonds-Assigned-AA-Rating-2759174>
  
APA:
S&P Global Ratings’ Credit Research. (). Minnesota Housing Finance Agency Series 2021G, H, And I Residential Housing Finance Bonds Assigned 'AA+' Rating Nov 19, 2021. New York, NY: Alacra Store. Retrieved May 16, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Minnesota-Housing-Finance-Agency-Series-2021G-H-And-I-Residential-Housing-Finance-Bonds-Assigned-AA-Rating-2759174>
  
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