S&P Global Ratings assigned its 'AAA' long-term rating to the Minnesota Housing Finance Agency's (MHFA, or the agency) $1.080 million rental housing bonds (RHB) 2025 series D-1 (non-AMT), $8.845 million RHB 2025 series D-2 (non-AMT), $1.725 million RHB 2025 series E-1 (non-AMT), $5.985 million RHB 2025 series E-2 (non-AMT), $1.705 million RHB 2025 series F-1 (non-AMT), and $4.665 million RHB 2025 series F-2 (non-AMT). At the same time, we affirmed our 'AAA' long-term rating on MHFA's RHB debt outstanding. The outlook is stable. Bond proceeds, mortgage loans, investments, revenue, and other assets, on a parity basis with all other obligations outstanding, secure the bonds. The bonds are also general obligations of the agency, payable from any available money, assets, or
