...SAN FRANCISCO (Standard & Poor's) Sept. 23, 2015--Standard & Poor's Ratings Services assigned its '##+' long-term rating to Tennessee Housing Development Agency's (THDA) approximately $43 million issue 2015-2A, and nearly $132 million 2015-2B residential finance program bonds, issued under THDA's 2013 general residential finance program bond resolution (the 2013 general resolution). Also, Standard & Poor's affirmed its '##+' long-term rating on the agency's outstanding bonds issued under the 2013 general resolution, all of which are on parity with each other as well as with the issue 2015-2 bonds. The outlook on all ratings is stable. "The rating reflects our view of the agency's sufficient liquid reserves and very high-quality investments," said Standard & Poor's credit analyst Jose Cruz. "The rating is further supported by the agency's very strong resolution cash flows and very strong whole-loan portfolio," Mr. Cruz added. As of March 31, 2015, the 2013 general resolution's loan portfolio...
