S&P Global Ratings assigned its 'AA+' long-term rating to the North Carolina Housing Finance Agency's (NCHFA) approximately $150 million home ownership revenue bonds (HORB), series 50 (non-alternative minimum tax) (social bonds). At the same time, we affirmed our 'AA+' long-term rating on the agency's HORB 1998 resolution. The outlook is stable. 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. NCHFA plans on issuing approximately $150 million of series 50 bonds and will use the bond proceeds to purchase mortgage-backed securities (MBS) and make down-payment assistance loans to low- and moderate-income households in North Carolina. The
