S&P Global Ratings assigned its 'AA+' rating to the Tennessee Housing Development Agency's (THDA) proposed approximately $120 million issue 2023-1A (non-alternative minimum tax [AMT]) social bonds and $20 million issue 2023-1B federally taxable social bonds issued under THDA's 2013 general residential finance program bond resolution (the 2013 general resolution). At the same time, we affirmed our 'AA+' long-term rating on all other existing bonds issued under the 2013 general resolution. The outlook is stable. Bonds issued under the 2013 general resolution are special limited obligations paid solely from the revenues and assets of THDA, which include revenues on program loans; non-mortgage receipts; all fund and accounts created by the 2013 general resolution (including the bond reserve fund); and all right,
