Summary: Minnesota Housing Finance Agency; General Obligation - S&P Global Ratings’ Credit Research

Summary: Minnesota Housing Finance Agency; General Obligation

Summary: Minnesota Housing Finance Agency; General Obligation - S&P Global Ratings’ Credit Research
Summary: Minnesota Housing Finance Agency; General Obligation
Published Jun 10, 2015
5 pages (1791 words) — Published Jun 10, 2015
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Standard&Poor's Ratings Services assigned its 'AA+' rating to Minnesota Housing Finance Agency's (MHFA) series 2015A (Cathedral Hill Home) and series 2015B (Parkview Villa) rental housing bonds. At the same time, Standard&Poor's affirmed its 'AA+' issuer credit rating (ICR) on MHFA, and its 'AA+' long-term rating on the agency's rental housing debt. The outlook is stable. The rating reflects our view of these strengths: The agency's general obligation (GO) pledge backing the bonds (the agency's creditworthiness is supported by extremely sound financial operations, good overall asset quality, strong and stable management, and strong state support and economic performance); The rental housing mortgage loan portfolio's very strong performance, evidenced by extremely good delinquency statistics and no Real Estate

  
Brief Excerpt:

...Standard & Poor's Ratings Services assigned its '##+' rating to Minnesota Housing Finance Agency's (MHFA) series 2015A (Cathedral Hill Home) and series 2015B (Parkview Villa) rental housing bonds. At the same time, Standard & Poor's affirmed its '##+' issuer credit rating (ICR) on MHFA, and its '##+' long-term rating on the agency's rental housing debt. The outlook is stable. The rating reflects our view of these strengths:...

  
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; General Obligation" Jun 10, 2015. Alacra Store. May 18, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Minnesota-Housing-Finance-Agency-General-Obligation-1403476>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Minnesota Housing Finance Agency; General Obligation Jun 10, 2015. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Minnesota-Housing-Finance-Agency-General-Obligation-1403476>
  
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