S&P Global Ratings assigned its 'AAA' long-term rating to the Virginia Housing Development Authority's (Virginia Housing) $80 million 2024 series D non-AMT (non-alternative minimum tax) and $160 million 2024 series E taxable, commonwealth mortgage bonds (CMBs). At the same time, we assigned our 'AAA/A-1+' dual rating to Virginia Housing's approximately $215.5 million 2024 series F non-AMT CMBS. We also affirmed our 'AAA' long-term rating and underlying rating (SPUR) on the CMB resolution. The outlook is stable. Bonds issued within the CMB resolution are general obligations of Virginia Housing payable from the revenue, assets, and money pledged under the master indenture on a parity basis with all other obligations outstanding under the master indenture. The bonds are also supported by Virginia
