S&P Global Ratings assigned its 'AA+' rating to Nevada Housing Division's (NHD) roughly $69.3 million series 2023C single-family mortgage revenue bonds, issued under the general indenture. At the same time, S&P Global Ratings affirmed its 'AA+' rating on NHD's single-family general indenture bonds. The outlook is stable. Bonds issued within the general indenture are limited obligations of NHD, payable solely from revenue, assets, and money pledged under the master indenture on a parity basis with all senior obligations outstanding under the indenture. According to preliminary transaction documents, NHD will use series 2023C bond proceeds for a program, under which it purchases fully modified pass-through mortgage-backed securities (MBS), issued by or on behalf of NHD. Ginnie Mae, Fannie Mae, and Freddie
