...S&P Global Ratings assigned its '##+' long-term rating to Nevada Housing Division's (NHD) series 2021A single-family mortgage revenue 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, all of which are on parity with each other as well as with the series 2021A bonds. The outlook is stable. The approximately $42 million series 2021A bonds will be issued to will be issued to purchase Ginnie Mae mortgage-backed securities (MBS). The series 2021A are limited obligations of the division and are payable solely from and secured by all funds pledged under the indenture. The bonds will be held on parity with approximately $144 million bonds outstanding (as of March 31, 2021). The rating reflects our view of: + The very strong credit quality of the underlying mortgage...
