S&P Global Ratings assigned its 'AAA' long-term rating to the Virginia Housing Development Authority's (Virginia Housing) $100 million 2023 series A non-AMT and $150 million 2023 series B-taxable commonwealth mortgage bonds (CMBs). At the same time, we affirmed our 'AAA' long-term and underlying rating (SPUR) on the CMB resolution. The outlook is stable. Bonds issued within the CMB resolution are general obligations of Virginia Housing payable from the revenues, assets, and money pledged under the master indenture on a parity basis with all other obligations outstanding under the master indenture. The bonds are also supported by Virginia Housing's general obligation (GO) pledge, rated 'AA+'. According to preliminary transaction documents, approximately $250 million of 2023 series A and B CMBs will
