S&P Global Ratings assigned its 'AA+' long-term rating to the North Carolina Housing Finance Agency's (NCHFA) approximately $199 million home ownership revenue bonds (HORBs), series 51 (non-alternative minimum tax; social bonds). At the same time, S&P Global Ratings affirmed its 'AA+' long-term rating on the agency's HORB 1998 resolution. The outlook is stable. 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. NCHFA plans to issue approximately $199 million of series 51 bonds and will use the bond proceeds to purchase mortgage-backed securities (MBS) and make down-payment assistance loans to low- and moderate-income households in North
