Summary: Tennessee Housing Development Agency; Single Family Whole Loan

S&P Global Ratings assigned its 'AA+' long-term rating to Tennessee Housing Development Agency's (THDA) residential finance program bonds, issue 2017-2, issued under THDA's 2013 General Residential Finance Program Bond Resolution (the 2013 general resolution). Also, S&P Global Ratings affirmed its 'AA+' rating on the other outstanding bonds issued under the 2013 general resolution, all of which are on parity with each other as well as with the issue 2017-2 bonds. The outlook is stable. In addition, S&P Global Ratings affirmed its 'AA+' long-term rating on THDA's 1985 homeownership program resolution. The outlook is stable. The rating reflects our view of: Very strong resolution cash flows showing opening asset-liability (A/L) parity of 113.8% and minimum A/L parity of 111.2% for the

...S&P Global Ratings assigned its '##+' long-term rating to Tennessee Housing Development Agency's (THDA) residential finance program bonds, issue 2017-2, issued under THDA's 2013 General Residential Finance Program Bond Resolution (the 2013 general resolution). Also, S&P Global Ratings affirmed its '##+' rating on the other outstanding bonds issued under the 2013 general resolution, all of which are on parity with each other as well as with the issue 2017-2 bonds. The outlook is stable. In addition, S&P Global Ratings affirmed its '##+' long-term rating on THDA's 1985 homeownership program resolution. The outlook is stable. The rating reflects our view of:...

Summary