Summary: Minnesota Housing Finance Agency; General Obligation; Multifamily Whole Loan

S&P Global Ratings assigned its 'AAA' rating to Minnesota Housing Finance Agency's (MHFA) $7.2 million series 2022A and $8.2 million series 2022B rental housing bonds. At the same time, S&P Global Ratings affirmed its 'AAA' long-term rating on the agency's existing debt. The outlook is stable. The rating reflects our analysis of the twin revenue streams securing the bonds--MHFA's rental resolution assets and the agency's general obligation (GO) pledge--according to our criteria "Methodology: Rating Approach To Obligations With Multiple Revenue Streams," published Nov. 29, 2011. Specifically, debt under the resolution benefits from assets exceeding such debt by well over 3x, leading to the rating reflecting the stronger of the two revenue pledges. The rating reflects our opinion of: The rental

...S&P Global Ratings assigned its '###' rating to Minnesota Housing Finance Agency's (MHFA) $7.2 million series 2022A and $8.2 million series 2022B rental housing bonds. At the same time, S&P Global Ratings affirmed its '###' long-term rating on the agency's existing debt. The outlook is stable. The rating reflects our analysis of the twin revenue streams securing the bonds--MHFA's rental resolution assets and the agency's general obligation (GO) pledge--according to our criteria "Methodology: Rating Approach To Obligations With Multiple Revenue Streams," published Nov. 29, 2011. Specifically, debt under the resolution benefits from assets exceeding such debt by well over 3x, leading to the rating reflecting the stronger of the two revenue pledges....

Summary