Minnesota Housing Finance Agency Series 2022C Residential Housing Bonds Rated 'AA+', 2022D Bonds Rated 'AA+/A-1+'

NEW YORK (S&P Global Ratings) March 1, 2022--S&P Global Ratings assigned its 'AA+' rating to Minnesota Housing Finance Agency's (MHFA) series 2022C residential housing finance bonds ($100 million, fixed rate) and its 'AA+/A-1+' rating to the agency's series 2022D bonds ($50 million, variable rate). 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 portfolio credit quality; Cash flows demonstrating the program's ability to pay bondholders in a variety of stress scenarios; The agency's additional general obligation (GO) pledge that secures the bonds; and A legal and operational framework in line with our criteria. We have

...March 1, 2022 NEW YORK (S&P Global Ratings) March 1, 2022--S&P Global Ratings assigned its '##+' rating to Minnesota Housing Finance Agency's (MHFA) series 2022C residential housing finance bonds ($100 million, fixed rate) and its '##+/A-1+' rating to the agency's series 2022D bonds ($50 million, variable rate). At the same time, S&P Global Ratings affirmed its '##+' and '##+/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 portfolio credit quality; - Cash flows demonstrating the program's ability to pay bondholders in a variety of stress scenarios; - The agency's additional general obligation (GO) pledge that secures the bonds; and - A legal and operational framework in line with our criteria. We have analyzed MHFA's 2022C and 2022D residential housing finance bond transaction's environmental, social, and governance risks relative to the legal framework, operational risk framework, cash...

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