Summary: Minnesota Housing Finance Agency; General Obligation; Single Family Multiple MBS - S&P Global Ratings’ Credit Research

Summary: Minnesota Housing Finance Agency; General Obligation; Single Family Multiple MBS

Summary: Minnesota Housing Finance Agency; General Obligation; Single Family Multiple MBS - S&P Global Ratings’ Credit Research
Summary: Minnesota Housing Finance Agency; General Obligation; Single Family Multiple MBS
Published Feb 06, 2023
7 pages (2667 words) — Published Feb 06, 2023
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA+' long-term rating to the Minnesota Housing Finance Agency's (MHFA, or the agency) $99.99 million 2023 series ABC residential housing finance bonds (RHFBs; social bonds). At the same time, S&P Global Ratings affirmed its 'AA+' long-term rating and 'AA+/A-1+' dual rating on the agency's previously issued RHFBs. The outlook is stable. Bond proceeds, program obligations, investment obligations, revenue, and other assets held under the bond resolution secure the residential housing finance bonds. The bonds are also general obligations (GOs) of MHFA, payable out of any of its generally available money, assets or revenue, subject only to the provisions of other resolutions or indentures pledging or appropriating particular money, assets, or revenue to particular notes or bonds,

  
Brief Excerpt:

...Minnesota Hsg Fin Agy residential hsg fin agy (non-AMT) Long Term Rating ##+/Stable Affirmed Minnesota Hsg Fin Agy residential hsg fin agy 2015 Series D (AMT) due 01/01/2046 Long Term Rating ##+/A-1+/Stable Affirmed Minnesota Hsg Fin Agy residential hsg fin bnds Long Term Rating ##+/Stable Affirmed Minnesota Hsg Fin Agy residential hsg fin bnds Long Term Rating ##+/Stable Affirmed Minnesota Hsg Fin Agy residential hsg fin bnds Long Term Rating ##+/Stable Affirmed Minnesota Hsg Fin Agy residential hsg fin bnds Long Term Rating ##+/Stable Affirmed Minnesota Hsg Fin Agy residential hsg fin bnds Long Term Rating ##+/Stable Affirmed Minnesota Hsg Fin Agy residential hsg fin bnds ser 2015A (AMT) due 01/01/2041 Long Term Rating ##+/Stable Affirmed Minnesota Hsg Fin Agy residential hsg fin bnds ser 2016C due 07/01/2037 Long Term Rating ##+/Stable Affirmed Minnesota Hsg Fin Agy residential hsg fin bnds ser 2020H due 07/01/2032 Long Term Rating ##+/Stable Affirmed Minnesota Hsg Fin Agy residential...

  
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Summary

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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Summary: Minnesota Housing Finance Agency; General Obligation; Single Family Multiple MBS" Feb 06, 2023. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Minnesota-Housing-Finance-Agency-General-Obligation-Single-Family-Multiple-MBS-2945093>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Minnesota Housing Finance Agency; General Obligation; Single Family Multiple MBS Feb 06, 2023. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Minnesota-Housing-Finance-Agency-General-Obligation-Single-Family-Multiple-MBS-2945093>
  
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