Minnesota Housing Finance Agency's $150 Million Series LMN Social Bonds Assigned 'AA+' Rating - S&P Global Ratings’ Credit Research

Minnesota Housing Finance Agency's $150 Million Series LMN Social Bonds Assigned 'AA+' Rating

Minnesota Housing Finance Agency's $150 Million Series LMN Social Bonds Assigned 'AA+' Rating - S&P Global Ratings’ Credit Research
Minnesota Housing Finance Agency's $150 Million Series LMN Social Bonds Assigned 'AA+' Rating
Published Nov 07, 2022
2 pages (1235 words) — Published Nov 07, 2022
Price US$ 150.00  |  Buy this Report Now

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Abstract:

SAN FRANCISCO (S&P Global Ratings) Nov. 7, 2022--S&P Global Ratings assigned its 'AA+' long-term rating to the Minnesota Housing Finance Agency's $150 million 2022 series LMN residential housing finance bonds (social bonds). At the same time, S&P Global Ratings affirmed its 'AA+' long-term rating and 'AA+/A-1+' dual rating on the agency's previously issued residential housing finance bonds. The outlook is stable. The rating reflects the application of our "Methodology For Rating U.S. Public Finance Mortgage Revenue Bond Programs," published Oct. 10, 2022, on RatingsDirect. The rating is no longer under criteria observation. The series LMN bond proceeds will be used, along with certain contributed funds of the agency, to continue funding the residential housing finance program by purchasing program mortgage-backed

  
Brief Excerpt:

...November 7, 2022 SAN FRANCISCO (S&P Global Ratings) Nov. 7, 2022--S&P Global Ratings assigned its '##+' long-term rating to the Minnesota Housing Finance Agency's $150 million 2022 series LMN residential housing finance bonds (social bonds). At the same time, S&P Global Ratings affirmed its '##+' long-term rating and '##+/A-1+' dual rating on the agency's previously issued residential housing finance bonds. The outlook is stable. The rating reflects the application of our "Methodology For Rating U.S. Public Finance Mortgage Revenue Bond Programs," published Oct. 10, 2022, on RatingsDirect. The rating is no longer under criteria observation. The series LMN bond proceeds will be used, along with certain contributed funds of the agency, to continue funding the residential housing finance program by purchasing program mortgage-backed securities that are guaranteed as to timely payment of principal and interest by Ginnie Mae, Fannie Mae, or Freddie Mac, and backed by pools of mortgage loans...

  
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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MLA:
S&P Global Ratings’ Credit Research. "Minnesota Housing Finance Agency's $150 Million Series LMN Social Bonds Assigned 'AA+' Rating" Nov 07, 2022. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Minnesota-Housing-Finance-Agency-s-150-Million-Series-LMN-Social-Bonds-Assigned-AA-Rating-2913559>
  
APA:
S&P Global Ratings’ Credit Research. (). Minnesota Housing Finance Agency's $150 Million Series LMN Social Bonds Assigned 'AA+' Rating Nov 07, 2022. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Minnesota-Housing-Finance-Agency-s-150-Million-Series-LMN-Social-Bonds-Assigned-AA-Rating-2913559>
  
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