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 Nov 30, 2017
6 pages (2128 words) — Published Nov 30, 2017
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA+' rating to Minnesota Housing Finance Agency's (MHFA) series 2017 D and E residential housing finance bonds, and its 'AA+' long-term and 'A-1+' short-term rating to the agency's series 2017F 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 on MHFA's related debt. The outlook is stable. The ratings reflect our view of the following credit strengths: The agency's general obligation (GO) pledge that secures the bonds (with its creditworthiness supported by a portfolio with high overall asset quality, strong and stable management, and strong state support); Very strong residential housing assets, with the mortgage-backed securities (MBS) portion of the portfolio

  
Brief Excerpt:

...S&P Global Ratings assigned its '##+' rating to Minnesota Housing Finance Agency's (MHFA) series 2017 D and E residential housing finance bonds, and its '##+' long-term and 'A-1+' short-term rating to the agency's series 2017F bonds. At the same time, S&P Global Ratings affirmed its '##+' issuer credit rating (ICR) on MHFA, and its '##+' and '##+/A-1+' ratings on MHFA's related debt. The outlook is stable. The ratings reflect our view of the following credit strengths:...

  
Report Type:

Summary

Issuer
Minnesota Hsg Fin Agy
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: Minnesota Housing Finance Agency; General Obligation" Nov 30, 2017. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Minnesota-Housing-Finance-Agency-General-Obligation-1958829>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Minnesota Housing Finance Agency; General Obligation Nov 30, 2017. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Minnesota-Housing-Finance-Agency-General-Obligation-1958829>
  
US$ 225.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Credit Research from one place.