...S&P Global Ratings affirmed its `##+/A-1' ratings on the Massachusetts Housing Finance Agency (MassHousing) single family housing revenue bonds (SFHRB) series 229. The short-term rating component reflects our assessment of the replacement of the standby- bond-purchase agreement (SBPA) provided by UBS AG, acting through its Stamford branch, with a new SBPA provided by Barclays Bank PLC, effective March 13, 2026. The long-term component of the rating reflects MassHousing's SFHRB Resolution. The short- term component of the rating reflects our view of the liquidity support provided in the form of a SBPA from Barclays Bank PLC. The new SBPA covers principal and 187 days of interest at a maximum annual rate of 12% for the purchase price of bonds that are not successfully remarketed. The SBPA provides coverage for the bonds during the daily and weekly interest-rate modes. When the bonds are in the covered- rate mode, we think SBPA coverage is sufficient to pay bond principal and maximum accrued...
