Summary: Massachusetts Housing Finance Agency; Joint Criteria; Multifamily Whole Loan

S&P Global Ratings assigned its 'AA' long-term rating to the Massachusetts Housing Finance Agency's (MassHousing) 2020 series A-1, A-2, A-3 (collectively, the 2020 series A bonds), and B housing bonds. At the same time, S&P Global Ratings affirmed its 'AA' long-term rating and underlying rating (SPUR) as well as various dual ratings on MassHousing's housing bonds outstanding. The outlook, where applicable, is stable. MassHousing will use the 2020 series A and B proceeds (approximately $155.1 million) to provide permanent financing for certain multifamily residential developments and to refund 2010 series C and E. The 2020 series A and B bonds will be issued in fixed-rate mode, paying interest semiannually on June 1 and Dec. 1, beginning Dec. 1, 2020. The

...S&P Global Ratings assigned its '##' long-term rating to the Massachusetts Housing Finance Agency's (MassHousing) 2020 series A-1, A-2, A-3 (collectively, the 2020 series A bonds), and B housing bonds. At the same time, S&P Global Ratings affirmed its '##' long-term rating and underlying rating (SPUR) as well as various dual ratings on MassHousing's housing bonds outstanding. The outlook, where applicable, is stable. MassHousing will use the 2020 series A and B proceeds (approximately $155.1 million) to provide permanent financing for certain multifamily residential developments and to refund 2010 series C and E. The 2020 series A and B bonds will be issued in fixed-rate mode, paying interest semiannually on June 1 and Dec. 1, beginning Dec. 1, 2020. The bonds are subject to optional, mandatory sinking fund, and special redemption per the official statement. The 2020 series A and B bonds are special revenue obligations of MassHousing, secured solely by a lien on money and investments held...

Summary