...September 3, 2024 CHICAGO (S&P Global Ratings) Sept. 3, 2024--S&P Global Ratings assigned its '##+' long-term rating to the North Carolina Housing Finance Agency's (NCHFA) approximately $220.0 million home ownership revenue bonds (HORBs), series 55-A (non-alternative minimum tax), and assigned its '##+/A-1+' dual rating on NCHFA's approximately $200.0 million HORBs, series 55-C (non-alternative minimum tax). 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," said S&P Global Ratings credit analyst Stuart Nicol. 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...
