S&P Global Ratings assigned its 'AAA' long-term rating to the Virginia Housing Development Authority 's (Virginia Housing) $75 million series 2025G, subseries G-1 non-AMT, and $150 million series 2026A taxable commonwealth mortgage bonds (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. NEW YORK (S&P Global Ratings) Jan. 21, 2026--S&P Global Ratings today took the rating actions listed above. The rating incorporates the somewhat elevated physical risks for Virginia given its exposure to rising sea levels and coastal flooding in the Hampton Roads metropolitan statistical area and along the Eastern Shore that could affect
