North Carolina Housing Finance Agency; Multifamily Whole Loan; Single Family Multiple MBS; Single Family Whole Loan - S&P Global Ratings’ Credit Research

North Carolina Housing Finance Agency; Multifamily Whole Loan; Single Family Multiple MBS; Single Family Whole Loan

North Carolina Housing Finance Agency; Multifamily Whole Loan; Single Family Multiple MBS; Single Family Whole Loan - S&P Global Ratings’ Credit Research
North Carolina Housing Finance Agency; Multifamily Whole Loan; Single Family Multiple MBS; Single Family Whole Loan
Published Jan 29, 2025
12 pages (4474 words) — Published Jan 29, 2025
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA+' long-term rating to the North Carolina Housing Finance Agency's (NCHFA) approximately $91.8 million home ownership revenue bonds (HORBs), series 57-A (non-alternative minimum tax), and approximately $207.2 million HORBs, series 57-B (federally taxable). At the same time, we affirmed our 'AA+' long-term rating on NCHFA's HORB 1998 resolution and our 'AA+/A-1' dual rating on the agency's variable-rate bonds. Finally, we affirmed our 'AA+/A-1+' dual rating on the agency's convertible option bonds, also issued under the HORB 1998 resolution. The outlook, where applicable, is stable. The 'AA+' long-term component of the dual rating reflects our view of the credit characteristics of the agency's HORB 1998 resolution. Bonds issued within the HORB 1998 resolution are payable from

  
Brief Excerpt:

...+ S&P Global Ratings assigned its '##+' long-term rating to the North Carolina Housing Finance Agency's (NCHFA) approximately $91.8 million home ownership revenue bonds (HORBs), series 57-A (non-alternative minimum tax), and approximately $207.2 million HORBs, series 57-B (federally taxable). + At the same time, we affirmed our '##+' long-term rating on NCHFA's HORB 1998 resolution and our '##+/A-1' dual rating on the agency's variable-rate bonds. + Finally, we affirmed our '##+/A-1+' dual rating on the agency's convertible option bonds, also issued under the HORB 1998 resolution. + The outlook, where applicable, is stable....

  
Report Type:

Full Report

Issuer
Sector
Global Issuers, Public Finance
Country
Region
Format:
PDF Adobe Acrobat
Buy Now

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "North Carolina Housing Finance Agency; Multifamily Whole Loan; Single Family Multiple MBS; Single Family Whole Loan" Jan 29, 2025. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/North-Carolina-Housing-Finance-Agency-Multifamily-Whole-Loan-Single-Family-Multiple-MBS-Single-Family-Whole-Loan-3315956>
  
APA:
S&P Global Ratings’ Credit Research. (). North Carolina Housing Finance Agency; Multifamily Whole Loan; Single Family Multiple MBS; Single Family Whole Loan Jan 29, 2025. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/North-Carolina-Housing-Finance-Agency-Multifamily-Whole-Loan-Single-Family-Multiple-MBS-Single-Family-Whole-Loan-3315956>
  
US$ 500.00
$  £  
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.