Standard&Poor's Ratings Services assigned its 'AA+/A-1+' rating to Minnesota Housing Finance Agency's (MHFA's) series 2015G residential housing finance bonds, and its 'AA+' rating to the agency's series 2015E and 2015F residential housing finance bonds. At the same time, Standard&Poor's affirmed its 'AA+' issuer credit rating (ICR) on the agency, and its 'AA+' and 'AA+/A-1+' ratings on MHFA's related debt. The outlook is stable. The ratings reflect our view of these credit 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); Very strong residential housing assets comprising whole loans and a
