S&P Global Ratings assigned its 'AAA' long-term rating to the Virginia Housing Development Authority 's (Virginia Housing) $75 million series 2025E non-AMT and $150 million series 2025F taxable commonwealth mortgage bonds (CMBs). At the same time, we assigned our ?AAA/A-1+? dual rating on the authority?s $225 million series 2025G non-AMT CMBs. At the same time, we affirmed our 'AAA' long-term rating and underlying rating (SPUR) on the CMB resolution and our 'AAA/A-1+' dual rating on the authority's series 2024 F bonds. The outlook is stable. ENGLEWOOD (S&P Global Ratings) Oct. 14, 2025--S&P Global Ratings today took the rating actions listed above. The rating incorporates the somewhat elevated physical risks for Virginia due to its exposure to rising sea levels and
