Standard&Poor's Ratings Services affirmed its 'AA+' rating on Minnesota Housing Finance Agency's (MHFA) residential finance bonds due to the adoption of an amendment to the 1995 Bond Resolution [Resolution No. 95-82]. The amendment clarifies that the trustee may act as, if needed, the trustee for any outstanding general obligation bonds and limited obligation bonds, of which proceeds are deposited into the agency's alternative loan fund. The amendment also gives MHFA the flexibility to make modifications to program loans if they are not materially adverse to the security or other interests of the bondholders. MHFA may consent to a modification on any program loan, provided that such change is reflected in a cash flow certificate (above an amount considered
