...SAN FRANCISCO (S&P Global Ratings) Feb. 21, 2017--S&P Global Ratings assigned its '##+' long-term rating to Tennessee Housing Development Agency's (THDA) residential finance program bonds, issue 2017-1, issued under THDA's 2013 General Residential Finance Program Bond Resolution (the 2013 general resolution). Also, S&P Global Ratings affirmed its '##+' 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 2017-1 bonds. The outlook is stable. "The rating reflects our view of very strong resolution cash flows, a single-family whole-loan portfolio of very strong credit quality, sufficient liquid reserves, and very high-quality investments," said S&P Global Ratings credit analyst Jose Cruz. This is the 10th issue under THDA's 2013 general resolution, which was adopted Jan. 29, 2013. We understand that, at closing, approximately $20 million of THDA's underlying mortgage loans will be transferred into...
