Standard&Poor's Ratings Services assigned its 'AA+' rating to Minnesota Housing Finance Agency's (MHFA) amortized series 2013A and non-amortized series 2013B and C residential housing finance bonds. At the same time, Standard&Poor's affirmed its 'AA+' issuer credit rating and 'AA+' long-term and underlying (SPUR) ratings on MHFA's related debt. The outlook on all issues is stable. Standard&Poor's also affirmed MHFA's top-tier status, reflecting our view of the agency's ability and willingness to provide additional credit support to all rated debt. In our view, the agency's general credit strengths include: A very strong overall financial capacity, as demonstrated by very strong liquidity, leverage, and capital adequacy ratios; A portfolio of very strong assets comprised of whole
