Summary: Nevada Housing Division; Single Family Multiple MBS

S&P Global Ratings assigned its 'AA+' rating to Nevada Housing Division's (NHD) series 2024C and series 2024D single-family mortgage revenue bonds, issued under the 2008 general indenture, with expected par amounts of $25.0 million and $102.4 million, respectively. At the same time, S&P Global Ratings affirmed its 'AA+' rating on bonds outstanding in NHD's general indenture. 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. For more information on the general indenture, see our analysis, published Feb. 2, 2024, on RatingsDirect. According to preliminary transaction documents, NHD will use the

...Nevada Housing Division, 2008 General Indenture Factors assessed as negative N/A Overcollateralization GE/GSE rating (##+) Cash Flow Analysis ##+ Hedging risk N/A HFA general obligation pledge N/A Anchor Anchor rating ##+ Modifiers and holistic analysis Liquidity reserves No modifier Market position No modifier Holistic analysis No modifier Stand-alone credit profile (SACP) SACP ##+ Other applicable criteria No cap Final Final rating ##+ HFA--Housing finance agency. N/A--Not applicable....

Summary