Summary: Nevada Housing Division; Single Family Multiple MBS

S&P Global Ratings assigned its 'AA+' long-term rating to Nevada Housing Division's (NHD) series 2020A single-family mortgage revenue refunding bonds, issued under NHD's single-family mortgage revenue bonds general bond certificate dated Sept. 1, 2008 (the 2008 general certificate). Also, S&P Global Ratings affirmed its 'AA+' long-term rating on the other outstanding senior-lien bonds issued under the 2008 general certificate, and affirmed its 'A-1+' short-term rating on the series 2019C single-family mortgage revenue convertible bonds, all of which are on parity with each other as well as with the series 2020A bonds. The outlook is stable. The approximately $28 million series 2020A bonds will be issued to redeem and defease outstanding bonds issued under NHD's New Issuance Bond Program (NIBP) Indenture.

...S&P Global Ratings assigned its '##+' long-term rating to Nevada Housing Division's (NHD) series 2020A single-family mortgage revenue refunding bonds, issued under NHD's single-family mortgage revenue bonds general bond certificate dated Sept. 1, 2008 (the 2008 general certificate). Also, S&P Global Ratings affirmed its '##+' long-term rating on the other outstanding senior-lien bonds issued under the 2008 general certificate, and affirmed its 'A-1+' short-term rating on the series 2019C single-family mortgage revenue convertible bonds, all of which are on parity with each other as well as with the series 2020A bonds. The outlook is stable. The approximately $28 million series 2020A bonds will be issued to redeem and defease outstanding bonds issued under NHD's New Issuance Bond Program (NIBP) Indenture. The bonds to be redeemed and defeased are the series 2009IA, 2009IB, 2009IC, 2009ID, 2009IE, 2010I, 2011A, 2011B, 2011C, and 2011D. Following the redemption and defeasance of the NIBP bonds,...

Summary