S&P Global Ratings assigned its 'AA+' rating and stable outlook to Tennessee Housing Development Agency's (THDA) series 2018-1 residential finance program (RFP) bonds, issued under THDA's 2013 general-residential-finance-program-bond resolution, and affirmed its 'AA+' rating, with a stable outlook, on THDA's existing bonds issued under the 2013 general resolution. This is the 14th issue under THDA's 2013 general resolution, adopted on Jan. 29, 2013. All existing bonds are on parity with each other, as well as with the series 2018-1 bonds. THDA did not execute the RFP series 2017-5 bonds, which were a private placement with Royal Bank of Canada; therefore, it maintains a bond portfolio of entirely fixed-rate debt. (For more information on THDA, please see the analysis, published Dec.
