S&P Global Ratings assigned its 'AA+/A-1+' dual rating to North Carolina Housing Finance Agency's (NCHFA) approximately $60 million home ownership revenue bonds (HORBs), series 56 (non-alternative minimum tax). At the same time, we affirmed our 'AA+' long-term rating on NCHFA's HORB 1998 resolution and our 'AA+/A-1+' dual rating on the agency's variable rate bonds, also issued under the HORB 1998 resolution. The outlook, where applicable, is stable. The 'AA+' long-term component of the dual rating reflects the credit characteristics of the agency's HORB 1998 resolution. Bonds issued within the HORB 1998 resolution are payable from the revenues, assets, and money pledged under the master indenture on a parity basis with all other obligations outstanding under the master indenture. The dual