Standard&Poor's Ratings Services affirmed its 'AA+' rating on the Minnesota Housing Finance Agency's bonds issued under the residential housing finance bond resolution. The affirmation is based on amendments to the resolution that modify the delivery of the agency's annual financial statements to a date no later than 120 days after the close of the fiscal year, and to allow for the deposit of limited obligation bonds into the alternative loan fund. For a complete description of the resolution, go to the RatingsDirect article published Aug. 8, 2007. The stable outlook reflects the credit quality of the resolution's assets and its expected stable performance given the strength of the cash flow projections, coupled with sound agency finances and program
