Summary: Nevada Housing Division; Single Family Multiple MBS

S&P Global Ratings assigned its 'AA+' rating and stable outlook to Nevada Housing Division's (NHD) approximately $43.165 million series 2022A single-family mortgage revenue refunding bonds, issued under NHD's single-family mortgage revenue bonds general indenture, dated Sept. 1, 2008, and affirmed its 'AA+' rating, with a stable outlook, on NHD's existing senior-lien revenue bonds, issued under the 2008 general indenture. Officials intend to use series 2022A bond proceeds to refund a portion of the series 2021D bonds and other bonds under the general indenture, which will make money available for a program under which NHD purchases mortgage-backed pass-through securities (MBS). The series 2022A bonds are a special limited obligation of NHD, payable solely from, and secured by, all funds and assets

...S&P Global Ratings assigned its '##+' rating and stable outlook to Nevada Housing Division's (NHD) approximately $43.165 million series 2022A single-family mortgage revenue refunding bonds, issued under NHD's single-family mortgage revenue bonds general indenture, dated Sept. 1, 2008, and affirmed its '##+' rating, with a stable outlook, on NHD's existing senior-lien revenue bonds, issued under the 2008 general indenture. Officials intend to use series 2022A bond proceeds to refund a portion of the series 2021D bonds and other bonds under the general indenture, which will make money available for a program under which NHD purchases mortgage-backed pass-through securities (MBS). The series 2022A bonds are a special limited obligation of NHD, payable solely from, and secured by, all funds and assets pledged under the general indenture. NHD will hold series 2022A bonds on parity with approximately $295.5 million of bonds outstanding, as of Feb. 1, 2022. The rating reflects our view of the...

Summary