S&P Global Ratings assigned its 'AA+' rating to Nevada Housing Division's (NHD) roughly $30 million series 2025A and roughly $107.8 million series 2025B single-family mortgage revenue bonds, issued under the 2008 general indenture. At the same time, S&P Global Ratings affirmed its 'AA+' rating on NHD's general-indenture bonds outstanding. 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-lien obligations outstanding under the indenture. According to preliminary transaction documents, NHD will use series 2025A and 2025B bond proceeds to refund certain existing bonds and purchase fully modified pass-through mortgage-backed securities (MBS), issued by, or on behalf
