SAN FRANCISCO (Standard&Poor's) Oct. 14, 2014--Standard&Poor's Ratings Services assigned its 'AA+' long-term rating to Tennessee Housing Development Agency's (THDA) residential finance program bonds, series 2014-2A, 2014-2B, and 2014-2C, issued under THDA's 2013 General Residential Finance Program Bond Resolution (the 2013 general resolution). Also, Standard&Poor's 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 series 2014-2 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, the sufficiency of liquid reserves, and high-quality investments commensurate with the rating on the
