Research Update: Wyoming Community Development Authority Series 2025 3 And 4 Housing Revenue Bonds Rated 'AA+'; Outlook Stable

S&P Global Ratings assigned its 'AA+' long-term rating to the Wyoming Community Development Authority 's (WCDA) 2025 series 3 and 4 housing revenue bonds with an expected par amount of $77.675 million (Non-AMT) and $20 million (federally taxable), respectively. At the same time, we affirmed our 'AA+' long-term rating on WCDA's 1994 indenture and our 'AA+/A-1+' and 'AA+/A-1' dual ratings on WCDA's other applicable variable-rate series bonds outstanding under the 1994 single-family mortgage program parity indenture. The outlook, where applicable, is stable. Bonds issued within the 1994 indenture are special obligations of WCDA, payable solely from the revenues, assets, and money pledged under the master indenture on a parity basis with all other existing debt under the master indenture. Variable-rate

...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 N/A Anchor Anchor ##+ Modifiers and holistic analysis Liquidity reserves No modifier Market position No modifier Holistic analysis No modifier Stand-alone credit profile SACP ##+ Other applicable criteria No cap Final Final rating ##+ N/A--Not applicable. GE --Governmental entity. GSE-- Government-sponsored enterprise....

Research Update