S&P Global Ratings assigned its 'AA+' rating and stable outlook to the Nevada Housing Division's 2017A multiunit housing revenue bonds, issued for LV LIHTC LP. The rating reflects our view of: The sufficient collateral, without a need for reinvestment, to pay principal and interest on all bonds outstanding through the scheduled initial mandatory tender date on August 1, 2018; The high-quality investments that include direct U.S. government obligations maturing, as needed, and 'AAAm' rated money market mutual funds with investment portfolios that solely include direct U.S. government obligations; The sufficient investment provisions to ensure timely disbursement for all payment events; and The transaction structures that mitigate bankruptcy-related risk in a manner consistent with our criteria. Pursuant to transaction documents, bond
