Research Update: Massachusetts Housing Finance Agency Remarketed Series 212, 216 Single-Family Housing Revenue Bonds Rated 'AA+' - S&P Global Ratings’ Credit Research

Research Update: Massachusetts Housing Finance Agency Remarketed Series 212, 216 Single-Family Housing Revenue Bonds Rated 'AA+'

Research Update: Massachusetts Housing Finance Agency Remarketed Series 212, 216 Single-Family Housing Revenue Bonds Rated 'AA+' - S&P Global Ratings’ Credit Research
Research Update: Massachusetts Housing Finance Agency Remarketed Series 212, 216 Single-Family Housing Revenue Bonds Rated 'AA+'
Published Apr 24, 2025
8 pages (3153 words) — Published Apr 24, 2025
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About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA+' rating to Massachusetts Housing Finance Agency' s (MassHousing) roughly $15 million remarketing series 212 and roughly $25 million remarketing series 216 single-family housing revenue bonds (SFHRBs) within the agency's SFHRB program. At the same time, S&P Global Ratings affirmed its 'AA+' long-term rating and 'AA+/A-1' and ?AA+/A-1+? dual ratings on MassHousing?s previously issued debt within the agency?s SFHRB program. The outlook is stable. Bonds issued within the SFHRB program are special obligations of MassHousing, secured solely by certain revenue and funds established under this program for security and payment. These bonds are on parity with all other obligations under this program. The dual ratings reflect the long-term rating on previously issued debt and our

  
Brief Excerpt:

...Legal framework No cap Program management and operational risk No cap Cash-flow analysis Overcollateralization ### Stressed cash flows ##+ Hedging risk No cap HFA general obligation pledge Not applicable Anchor Anchor ##+ Modifiers and holistic analysis Liquidity reserves No modifier Market position No modifier Holistic analysis No modifier Stand-alone credit profile Stand-alone credit profile ##+ Other applicable criteria No cap Final Final rating ##+...

  
Report Type:

Research Update

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Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Research Update: Massachusetts Housing Finance Agency Remarketed Series 212, 216 Single-Family Housing Revenue Bonds Rated 'AA+'" Apr 24, 2025. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Massachusetts-Housing-Finance-Agency-Remarketed-Series-212-216-Single-Family-Housing-Revenue-Bonds-Rated-AA-3358715>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Massachusetts Housing Finance Agency Remarketed Series 212, 216 Single-Family Housing Revenue Bonds Rated 'AA+' Apr 24, 2025. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Massachusetts-Housing-Finance-Agency-Remarketed-Series-212-216-Single-Family-Housing-Revenue-Bonds-Rated-AA-3358715>
  
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