...February 6, 2023 SAN FRANCISCO (S&P Global Ratings) Feb. 6, 2023--S&P Global Ratings assigned its '##+' long-term rating to the Minnesota Housing Finance Agency's $99.99 million 2023 series ABC 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 series ABC 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 from participating lenders to qualified persons or families of low and moderate income to finance the purchase of single-family residences in Minnesota. "The ratings reflect our view of such factors as the program's...
