North Carolina Housing Finance Agency?s Series 52-A And B Bonds Rated ?AA+?; Outlook Stable

CHICAGO (S&P Global Ratings) Oct. 27, 2023--S&P Global Ratings assigned its 'AA+' long-term ratings to the North Carolina Housing Finance Agency's (NCHFA) approximately $235 million home ownership revenue bonds (HORBs), series 52-A (non-alternative minimum tax; social bonds); and approximately $75 million HORB, series 52-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. 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. The series 52-C bonds, which will be rated separately, will be issued as variable-rate demand obligations, and

...October 27, 2023 CHICAGO (S&P Global Ratings) Oct. 27, 2023--S&P Global Ratings assigned its '##+' long-term ratings to the North Carolina Housing Finance Agency's (NCHFA) approximately $235 million home ownership revenue bonds (HORBs), series 52-A (non-alternative minimum tax; social bonds); and approximately $75 million HORB, series 52-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. 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. The series 52-C bonds, which will be rated separately, will be issued as variable-rate demand obligations, and will receive enhancement in the form of a standby-bond purchase agreement from TD Bank N.A. NCHFA plans to use the bond proceeds to purchase mortgage-backed securities...

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