Michigan Finance Authority Series 2021-1: Rating Report
DBRS, Inc. (DBRS Morningstar) finalized its provisional ratings on the Michigan Finance Authority Series 2021-1 (MFA 2021-1) Series A-1A Notes and Series A-1B Notes (collectively, the Notes). A portion of proceeds from the sale of the Notes were applied to refinance student loans presently pledged by the Issuer under various indentures. The DBRS Morningstar ratings address the timely payment of interest and the full payment of principal in accordance with the terms and conditions of the MFA 2021-1 transaction documents.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
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