Summary: Georgia Housing and Finance Authority; Single Family Whole Loan

S&P Global Ratings assigned its 'AAA' rating to the Georgia Housing and Finance Authority's (GHFA) series 2018A single family mortgage bonds. At the same time, S&P Global Ratings withdrew its rating on GHFA's series 2017D single family mortgage bonds because they were not issued. S&P Global Ratings also affirmed its 'AAA' rating on all debt under GHFA's single family mortgage bond resolution (the 1976 general resolution). The outlook is stable. The 'AAA' rating reflects our view of: The strong credit quality of the collateral securing the bonds--a mortgage pool with a high percentage of loans guaranteed by the Federal Housing Administration (FHA), Veterans Administration (VA), or Rural Housing Service (RHS), which benefit from the full faith and credit of the

...S&P Global Ratings assigned its '###' rating to the Georgia Housing and Finance Authority's (GHFA) series 2018A single family mortgage bonds. At the same time, S&P Global Ratings withdrew its rating on GHFA's series 2017D single family mortgage bonds because they were not issued. S&P Global Ratings also affirmed its '###' rating on all debt under GHFA's single family mortgage bond resolution (the 1976 general resolution). The outlook is stable. The '###' rating reflects our view of: + The strong credit quality of the collateral securing the bonds--a mortgage pool with a high percentage of loans guaranteed by the Federal Housing Administration (FHA), Veterans Administration (VA), or Rural Housing Service (RHS), which benefit from the full faith and credit of the U.S. (##+); + Cash flow scenarios run under various prepayment speeds, demonstrating sufficient excess assets after our loan loss projections for a '###' rating; + The strong asset management oversight GHFA provides in relation to...

Summary