S&P Global Ratings revised the outlook to stable from negative and affirmed its 'AA+' long-term rating and various short-term ratings on the Michigan State Housing Development Authority's (MSHDA's) parity debt outstanding, issued under MSHDA's single-family mortgage revenue bond (SFMRB) program. At the same time, we assigned our 'AA+' rating to MSHDA's SFMRB 2022 series D, 2022 series E-1, and 2022 series E-2 bonds, with expected par amounts of $268.2 million, $20 million, and $50 million, respectively. The outlook, where applicable, is stable. The outlook revision reflects the application of our "Methodology For Rating U.S. Public Finance Mortgage Revenue Bond Programs," published Oct. 10, 2022. The rating is no longer under criteria observation. The authority has previously issued 93 series of
