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 'AA+' long-term component of the rating reflects the credit characteristics of the NCHFA HORB 1998 resolution. Bonds issued within the HORB 1998 resolution are payable from the revenues, assets, and money pledged under the master indenture on
