S&P Global Ratings assigned its 'AA' long-term rating to the California Housing Finance Agency's (CalHFA) $98.3 million affordable housing revenue bonds (AHRBs), 2023 series A-1 and A-2 (collectively, the 2023 series A bonds). The outlook is stable. The 2023 series A bonds are limited obligations of CalHFA, payable solely from and secured by the revenue and assets pledged under the indenture. The bonds are the first series being issued under the indenture, and will be secured on a parity with and will be entitled to the same benefit and security as other bonds to be issued under the indenture. Proceeds from the 2023 series A bonds will be used to refinance the agency's previous financing of six permanent mortgage loans
