S&P Global Ratings raised the short-term component of its rating on the Michigan State Housing Development Authority's (MSHDA) rental housing revenue bonds (RHRBs) 2000 series A, 2002 series A 2008 series A, 2016 series D, and 2018 series C, to 'AA+/A-1+' from 'AA+/A-1'. At the same time, we affirmed our 'AA+' long-term rating and our 'AA+/A-1' and 'AA+/A-1+' dual ratings on all bonds outstanding, outside the scope of this remarketing. The outlook, where applicable, is stable. The upgrade reflects the planned remarketing of the bonds, and the short-term rating associated with the Federal Home Loan Bank of Indianapolis, which will provide liquidity support in the form of a standby bond purchase agreement (SBPA). The long-term component of the rating reflects
