SAN FRANCISCO (S&P Global Ratings) Sept. 9, 2016--S&P Global Ratings assigned its 'AA+' long-term rating to Tennessee Housing Development Agency's (THDA) residential finance program bonds, issues 2016-2A and 2016-2B, issued under THDA's 2013 General Residential Finance Program Bond Resolution (the 2013 general resolution). Also, S&P Global Ratings affirmed its 'AA+' rating on the other outstanding bonds issued under the 2013 general resolution, all of which are on parity with each other as well as with the issue 2016-2 bonds. The outlook is stable. "The rating reflects our view of the very strong resolution cash flows, a single-family whole-loan portfolio of very strong credit quality, sufficient liquid reserves, very high-quality investments, and legal provisions and program management consistent with the rating
