Standard&Poor's Ratings Services assigned its 'AA+' rating and stable outlook to Minnesota Housing Finance Agency's (MHFA) series 2016A rental-housing bonds and affirmed its 'AA+' and 'AA+/A-1+' ratings, with stable outlooks, on MHFA's related debt. Standard&Poor's also affirmed its 'AA+' issuer credit rating (ICR), with a stable outlook, on MHFA. The 'AA+' rating reflects our opinion of the general obligation (GO) pledge of MHFA, for which we maintain an ICR on the agency. The rating reflects our opinion of MHFA's: GO pledge backing the bonds--Extremely sound financial operations, good overall asset quality, strong and stable management, and strong state support and economic performance support the agency's creditworthiness; Very strong performance of the rental-housing loan portfolio, evidenced by
