...S&P Global Ratings assigned its '##+' long-term rating to the Wyoming Community Development Authority's (WCDA) 2021 series 3 and 4 housing revenue bonds. At the same time, 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 $85.5 million (preliminary), will refund certain series of the authority's existing 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. All bonds within the indenture are special obligations of WCDA, payable solely from the revenues, income, and receipts of the authority and are secured by an assignment of the loans and other assets within the 1994 indenture. The bonds are subject to redemption prior to...
