SAN FRANCISCO (S&P Global Ratings) April 15, 2020--S&P Global Ratings assigned its 'AA+' long-term rating to North Carolina Housing Finance Agency's (NCHFA) series 44 home ownership revenue bonds (the 1998 trust agreement). At the same time, S&P Global Ratings affirmed its 'AA+' long-term rating and underlying rating (SPUR) on NCHFA's home ownership revenue parity debt (the 1998 trust agreement) resolution. The outlook is stable. NCHFA will use the series 44 bond proceeds to purchase mortgage-backed securities (MBS), make down payment assistance loans to low- and moderate-income households in North Carolina, and pay issuance costs. "The rating reflects our opinion of such factors as NCHFA's very strong asset-to-liability parity ratio and credit quality of its remaining single-family whole-loan portfolio, sufficient loss-coverage
