...S&P Global Ratings assigned its '##+' long-term rating to the Wyoming Community Development Authority's (WCDA) $53.9 million 2021 series 1 housing revenue bonds. In addition, WCDA plans to issue 2021 series 2 variable-rate bonds in conjunction with, and on parity with, the 2021 series 1 bonds, secured by the open indenture and a liquidity facility from Royal Bank of Canada, which we will rate separately from this transaction. Finally, we affirmed our '##+' long-term rating and various short-term ratings on bonds outstanding, issued under the 1994 single-family mortgage program parity indenture. The outlook on all ratings, where applicable, is stable. The bond proceeds, totaling an estimated $87.36 million (preliminary), will refund the authority's existing 2018 series 2 and series 4 housing revenue bonds, and to make funds available for WCDA to purchase or acquire individual loans, most of which are expected to be insured or guaranteed by an agency or instrumentality of the federal government....
