Research Update: Nevada Housing Division Series 2026C And 2026D Single-Family Mortgage Revenue Bonds Rated 'AA+'; Outlook Stable

S&P Global Ratings assigned its 'AA+' long-term rating to the Nevada Housing Division 's (NHD) $47 million series 2026C and $76.7 million series 2026D single-family mortgage revenue bonds, issued under the 2008 general indenture. At the same time, S&P Global Ratings affirmed its 'AA+' long-term rating on NHD's general indenture bonds outstanding. The outlook is stable. Bonds issued within the general indenture are limited obligations of NHD, payable solely from revenue, assets, and money pledged under the master indenture on a parity basis with all senior-lien obligations outstanding under the indenture. NHD will use series 2026C and 2026D bond proceeds to purchase fully modified pass-through mortgage-backed securities (MBS) issued by or on behalf of Ginnie Mae, Fannie Mae, and Freddie

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Research Update