...December 3, 2024 CHICAGO (S&P Global Ratings) Dec. 3, 2024--S&P Global Ratings assigned its '##-' (sf) long-term rating to the National Finance Authority (NFA), N.H.'s approximately $153.6 million series 2024-4 class A-US national municipal certificates (social certificates) and its '###' (sf) long-term rating to NFA's approximately $32.6 million series 2024-4 class B-US (subordinate) national municipal certificates (social certificates). The outlook is stable. The class A-US certificates will be tax-exempt and secured by a first deed of trust and first-priority assignment of leases and rents from the properties within the loan portfolio. Principal and interest received on the loans will pass through to make payments on the certificates with class B-US certificates in a first loss subordinate position to the class A-US certificates. The certificates will be secured by 12 first-mortgage loans on 13 affordable multifamily rental housing properties, all of which are participating in the U.S....
