S&P Global Ratings assigned its 'AA+' rating to Minnesota Housing Finance Agency's (MHFA) series 2022G residential housing finance bonds ($100 million, fixed-rate) and its 'AA+/A-1+' rating to the agency's series 2022H bonds ($50 million, variable-rate). At the same time, S&P Global Ratings affirmed its 'AA+' and 'AA+/A-1+' ratings on MHFA's related debt outstanding. 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 ratings reflect our view of the
