S&P Global Ratings assigned its 'AA+' rating to Minnesota Housing Finance Agency's (MHFA) series 2016A, B, and C residential housing finance bonds. At the same time, S&P Global Ratings affirmed its 'AA+' issuer credit rating (ICR) on MHFA, and its 'AA+' and 'AA+/A-1+' ratings the agency's related debt. The outlook on all issues is stable. The rating reflects our view of these credit strengths: The agency's general obligation (GO) pledge backing the bonds (its creditworthiness is supported by extremely sound financial operations, good overall asset quality, strong and stable management, and strong support and economic performance); Very strong residential housing assets that comprise whole loans and a growing portfolio of mortgage-backed securities (MBS); The very strong performance of the residential
