Minnesota Housing Finance Agency Series 2022E, 2022F Residential Housing Bonds Rated 'AA+' - S&P Global Ratings’ Credit Research

Minnesota Housing Finance Agency Series 2022E, 2022F Residential Housing Bonds Rated 'AA+'

Minnesota Housing Finance Agency Series 2022E, 2022F Residential Housing Bonds Rated 'AA+' - S&P Global Ratings’ Credit Research
Minnesota Housing Finance Agency Series 2022E, 2022F Residential Housing Bonds Rated 'AA+'
Published Apr 12, 2022
3 pages (1498 words) — Published Apr 12, 2022
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About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) April 12, 2022--S&P Global Ratings assigned its 'AA+' rating to Minnesota Housing Finance Agency's (MHFA) series 2022E residential housing finance bonds ($100 million, fixed rate) and its 'AA+/A-1+' rating to the agency's series 2022F 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

  
Brief Excerpt:

...April 12, 2022 NEW YORK (S&P Global Ratings) April 12, 2022--S&P Global Ratings assigned its '##+' rating to Minnesota Housing Finance Agency's (MHFA) series 2022E residential housing finance bonds ($100 million, fixed rate) and its '##+/A-1+' rating to the agency's series 2022F 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 2022E and 2022F residential housing finance bond transaction's environmental, social, and governance (ESG) risks relative to the legal framework, operational risk framework,...

  
Report Type:

Ratings Action

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

  
MLA:
S&P Global Ratings’ Credit Research. "Minnesota Housing Finance Agency Series 2022E, 2022F Residential Housing Bonds Rated 'AA+'" Apr 12, 2022. Alacra Store. May 16, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Minnesota-Housing-Finance-Agency-Series-2022E-2022F-Residential-Housing-Bonds-Rated-AA-2823031>
  
APA:
S&P Global Ratings’ Credit Research. (). Minnesota Housing Finance Agency Series 2022E, 2022F Residential Housing Bonds Rated 'AA+' Apr 12, 2022. New York, NY: Alacra Store. Retrieved May 16, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Minnesota-Housing-Finance-Agency-Series-2022E-2022F-Residential-Housing-Bonds-Rated-AA-2823031>
  
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