Standard & Poor’s last week upgraded the Massachusetts Housing Finance Agency to A-plus from A, citing the sizeable asset base of $5.56 billion that makes it one of the largest state housing agencies that the rating agency reviews. The outlook is stable.

“The upgrade reflects our view of MassHousing’s financial resources, which we believe should help it to mitigate the potential impact of market volatility, as well as absorb the risk contained within portions of MassHousing’s portfolio,” said credit analyst Moraa Andima in a press release.

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