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Current Ratings

Moody's Investors Service has assigned the Authority's Homeownership Mortgage Bond rating at Aaa with a stable outlook.

"The Aaa long-term rating reflects strong performance and composition of the underlying loan portfolio, well-funded reserves, and solid management of the Authority."

- Moody's Investors Service, May 4, 2016

Standard & Poor's Rating Service has affirmed the Authority's Homeownership Mortgage program "AAA" rating with a stable outlook.

The ratings reflect:

  • Extremely strong credit quality of the mortgage loan collateral with 66% of loans guaranteed by VA or insured by FHA or USDA Rural Development,
  • Sufficient loan loss protections at the 'AAA' rating level,
  • Fully funded reserves providing ample liquidity,
  • Very high-quality investments, and
  • Very strong cash flow strength beginning at more than 113% asset-to-liability parity.

- Standard & Poor's Public Finance, October 15, 2009

Latest News

  • Recording of the February 14, 2019 Public Meeting +

    Consolidated Plan Public Meeting Recording Consolidated Plan Public Meeting Power Point South Dakota Housing Development Authority (SDHDA), in partnership with Read More
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