Standard&Poor's Ratings Services assigned its 'AA+' rating to Minnesota Housing Finance Agency's (MHFA) residential housing finance bonds series 2009D and 2009E, reflecting the issuer credit rating (ICR) of the agency (AA+). Standard&Poor's also assigned its 'AA+/A-1+' rating to MHFA's residential housing finance bonds series 2009F. The long-term component of the 'AA+/A-1+' rating reflects the issuer credit rating (ICR) of the agency, while the short-term component of the rating reflects a standby bond purchase agreement (SBPA) provided by the Federal Home Loan Bank of Des Moines (AAA/A-1+). The outlook is positive. At the same time, Standard&Poor's affirmed its 'AA+' rating on all of the agency's outstanding debt under the residential housing finance bond portfolio. The
