S&P Global Ratings assigned its 'AA+' rating to Minnesota Housing Finance Agency's (MHFA) series 2021 A and B residential housing finance bonds, to be issued at about $125 million. At the same time, S&P Global Ratings affirmed its 'AA+' and 'AA+/A-1+' ratings on MHFA's related debt. The outlook is stable. The agency's residential housing bond resolution and its assets secure the bonds, as does MHFA's general obligation (GO) pledge. The rating reflects our analysis of both revenue streams according to our criteria "Methodology: Rating Approach To Obligations With Multiple Revenue Streams," published Nov. 29, 2011. Both pledges are of equal credit quality, according to our analysis. The rating reflects our view of the following credit strengths: Very strong residential housing
