S&P Global Ratings affirmed its 'AA+' long-term rating on the Iowa Finance Authority (IFA)'s multifamily housing bond resolution and its 'AA+/A-1' dual rating on the 2007AB and 2008A debt outstanding under the resolution. The outlook is stable. The rating reflects the application of our "Methodology For Rating U.S. Public Finance Mortgage Revenue Bond Programs", published Oct. 10, 2022. Bonds issued within the multifamily resolution are general obligations of IFA, payable from the revenues, assets, and money pledged under the master indenture on a parity basis with all other obligations outstanding under the master indenture. The bonds are also supported by the IFA's general obligation (GO) pledge, rated AA+. The rating reflects our view of the program's: Legal framework that links
