North Carolina Housing Finance Agency Home Ownership Revenue Bonds Series 54-A, 54-B Rated ?AA+?; Outlook Is Stable

ENGLEWOOD (S&P Global Ratings) May 23, 2024--S&P Global Ratings assigned its 'AA+' long-term rating to the North Carolina Housing Finance Agency's (NCHFA) approximately $199.5 million home ownership revenue bonds (HORBs), series 54-A (non-alternative minimum tax), and the agency's approximately $100 million HORBs, series 54-B (federally taxable). At the same time, we affirmed our 'AA+' long-term rating on the agency's HORB 1998 resolution and our 'AA+/A-1+' dual rating on the agency's series 52-C bonds, also issued under the HORB 1998 resolution. The outlook is stable. The 'AA+' long-term component of the dual rating reflects the credit characteristics of the agency's HORB 1998 resolution. Bonds issued within the HORB 1998 resolution are payable from the revenues, assets, and money pledged under the

...May 23, 2024 ENGLEWOOD (S&P Global Ratings) May 23, 2024--S&P Global Ratings assigned its '##+' long-term rating to the North Carolina Housing Finance Agency's (NCHFA) approximately $199.5 million home ownership revenue bonds (HORBs), series 54-A (non-alternative minimum tax), and the agency's approximately $100 million HORBs, series 54-B (federally taxable). At the same time, we affirmed our '##+' long-term rating on the agency's HORB 1998 resolution and our '##+/A-1+' dual rating on the agency's series 52-C bonds, also issued under the HORB 1998 resolution. The outlook is stable. The '##+' long-term component of the dual rating reflects the credit characteristics of the agency's HORB 1998 resolution. Bonds issued within the HORB 1998 resolution are payable from the revenues, assets, and money pledged under the master indenture on a parity basis with all other obligations outstanding under the master indenture. For more information on the 1998 resolution, see our analysis, published Jan....

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