...July 24, 2024 SAN FRANCISCO (S&P Global Ratings) July 24, 2024--S&P Global Ratings assigned its '##+' long-term rating to the Minnesota Housing Finance Agency's (MHFA, or the agency) $185 million residential housing finance bonds (RHFBs), 2024 series O (non-AMT; social bonds) and 2024 series P (taxable; 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 RHFBs. The outlook, where applicable, is stable. "The long-term rating and the long-term component of the dual rating reflect our view of such factors as the program's over-collateralization and cash flow capable of withstanding S&P Global Ratings-projected loss assumptions, liquid reserves that are sufficient to cover short-term disruptions in asset cash flows, and market position characteristics generally in line with the national housing market," said S&P Global Ratings credit analyst Aulii Limtiaco. "The short-term component of the dual...
