S&P Global Ratings assigned its 'AA+' rating to Minnesota Housing Finance Agency's (MHFA) series 2016D and E residential housing finance bonds, and its 'AA+/A-1+' rating to the agency's series 2016F residential housing finance bonds. At the same time, we affirmed our 'AA+' issuer credit rating (ICR) on MHFA, and our 'AA+' and 'AA+/A-1+' ratings on MHFA'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, high overall asset quality, strong and stable management, and very strong support and economic performance); Very strong residential housing assets that comprise whole loans and a growing portfolio
