Overview
AHFA is a self-sustaining organization which pays all operating expenses from program revenues. The bonds of AHFA are not obligations of the State of Alabama and are not repaid with tax dollars.
AHFA has made available certain information regarding its operations and financial condition. Information included in this section of the website is intended to update investors regarding their investments. However, investors should not rely on this information alone as sufficient basis for making any decision to purchase or sell AHFA obligations.
Disclosure Reports
Bond Rating
AHFA has earned an Aa2 general obligation rating from Moody’s Investors Service. The rating is based on AHFA’s solid and improving financial position and sound management performance.
A strong rating ultimately means lower interest rates on the bonds we sell and increases our market acceptability, making our products more credible to investors. Moody’s said the Authority’s proven ability to manage its programs and financial resources, establish efficient internal controls, and execute oversight within operations enhances the strength of its issuer rating.
Moody’s ratings provide investors with a simple system of gradation by which the relative risk of debt instruments can be determined. To maintain the Aa2 rating, AHFA regularly submits current financial and portfolio information to Moody’s.