Summary: Minnesota Housing Finance Agency 2003B, 2003J, 2004G, 2005C, And 2005I Housing Bonds Rating Raised To 'AA+/A-1+'; General Obligation - S&P Global Ratings’ Credit Research

Summary: Minnesota Housing Finance Agency 2003B, 2003J, 2004G, 2005C, And 2005I Housing Bonds Rating Raised To 'AA+/A-1+'; General Obligation

Summary: Minnesota Housing Finance Agency 2003B, 2003J, 2004G, 2005C, And 2005I Housing Bonds Rating Raised To 'AA+/A-1+'; General Obligation - S&P Global Ratings’ Credit Research
Summary: Minnesota Housing Finance Agency 2003B, 2003J, 2004G, 2005C, And 2005I Housing Bonds Rating Raised To 'AA+/A-1+'; General Obligation
Published Jul 18, 2012
1111 words — Published Jul 18, 2012
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Abstract:

Standard&Poor's Ratings Services raised its rating to 'AA+/A-1+' from 'AA+/A-1' on Minnesota Housing Finance Agency's (MHFA) residential housing finance bonds series 2003B, 2003J, 2004G, 2005C, and 2005I, due to the substitution of the existing standby bond purchase agreements (SBPAs) provided by Lloyds TSB Bank PLC (A/A-1) with SBPAs provided by the Royal Bank of Canada (AA-/A-1+). The 'AA+' long-term component of the rating is based on the unenhanced rating on the resolution. The SBPA provides coverage for the aggregate principal and interest in an amount equal to 184 days at a maximum rate of 12%. The agreement covers the weekly mode. The bonds currently bear interest in the weekly mode and shall be subject to mandatory tender upon

  
Brief Excerpt:

RESEARCH Summary: Minnesota Housing Finance Agency 2003B, 2003J, 2004G, 2005C, And 2005I Housing Bonds Rating Raised To '##+/A-1+'; General Obligation Publication date: 18-Jul-2012 Primary Credit Analyst: Ki Beom K Park, New York...

  
Report Type:

Summary

Issuer
Minnesota Hsg Fin Agy
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Minnesota Housing Finance Agency 2003B, 2003J, 2004G, 2005C, And 2005I Housing Bonds Rating Raised To 'AA+/A-1+'; General Obligation" Jul 18, 2012. Alacra Store. May 18, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Minnesota-Housing-Finance-Agency-2003B-2003J-2004G-2005C-And-2005I-Housing-Bonds-Rating-Raised-To-AA-A-1-General-Obligation-989446>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Minnesota Housing Finance Agency 2003B, 2003J, 2004G, 2005C, And 2005I Housing Bonds Rating Raised To 'AA+/A-1+'; General Obligation Jul 18, 2012. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Minnesota-Housing-Finance-Agency-2003B-2003J-2004G-2005C-And-2005I-Housing-Bonds-Rating-Raised-To-AA-A-1-General-Obligation-989446>
  
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