North Carolina Housing Finance Agency Series 53A, 53B Bonds Assigned 'AA+' Rating

CHICAGO (S&P Global Ratings) Jan. 4, 2024--S&P Global Ratings assigned its 'AA+' long-term rating to the North Carolina Housing Finance Agency's (NCHFA) approximately $200 million home ownership revenue bonds (HORBs), series 53-A (non-alternative minimum tax; social bonds); and approximately $100 million HORBs, series 53-B (federally taxable; social bonds). At the same time, S&P Global Ratings affirmed its 'AA+' long-term rating on the agency's HORB 1998 resolution and its '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 stable outlook reflects S&P Global Ratings' opinion that the HORB 1998 resolution will likely provide very strong credit protection for bondholders, as evidenced by the resolution's strong cash flow projections, high-quality

...January 4, 2024 CHICAGO (S&P Global Ratings) Jan. 4, 2024--S&P Global Ratings assigned its '##+' long-term rating to the North Carolina Housing Finance Agency's (NCHFA) approximately $200 million home ownership revenue bonds (HORBs), series 53-A (non-alternative minimum tax; social bonds); and approximately $100 million HORBs, series 53-B (federally taxable; social bonds). At the same time, S&P Global Ratings affirmed its '##+' long-term rating on the agency's HORB 1998 resolution and its '##+/A-1+' dual rating on the agency's series 52-C bonds, also issued under the HORB 1998 resolution. The outlook is stable. "The stable outlook reflects S&P Global Ratings' opinion that the HORB 1998 resolution will likely provide very strong credit protection for bondholders, as evidenced by the resolution's strong cash flow projections, high-quality mortgage loans and investments, and demonstrated ability to cover S&P Global Ratings-projected loan losses," said S&P Global Ratings credit analyst Stuart...

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