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Michigan Finance Authority

School District· MI· Unclaimed profile
Outstanding
RatingsAa3 Moody's · AA- S&P · AA- Fitch
Last filingAug 2026
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BondGov profile for Michigan Finance Authority, compiled from public sources

Compiled from MSRB EMMA & public records · read-only public record · debt as of Sep 12, 2026 · latest trade Sep 11, 2026 · latest filing Aug 31, 2026
Bonds issued for Schools & education

Credit ratings

agency-stated
Moody's
Aa3
249 rated securities · insured
S&P
AA-
110 rated securities · insured
Fitch
AA-
232 rated securities · insured
Ratings by reconciled issuer credit
CreditAgencyRatingParCUSIPs
Tobacco Settlement $7.2B S&P BBB- $284.3M 2
BBB+ $179.3M 2
A $44.6M 5
Health Care $6.8B Moody's Aa3 $3.4B 92
A1 $1.3B 45
A2 $971.5M 17
S&P AA- $2.4B 63
AA $670.6M 15
AA-/A-1+ $65.1M 1
Fitch AA- $3.9B 134
BB $24.5M 3
Local Government Loan Program $789.0M Moody's Aa3 $89.4M 1
S&P AA- $494.0M 20
BBB+ $620K 1
Clean Water SRF $308.8M Moody's Aaa $42.2M 18
S&P AAA $690K 1
Fitch AAA $308.2M 42
Distributable State Aid - Sen $265.7M Moody's Aa3 $265.7M 15
School Loan SRF $254.4M Moody's Aa2 $254.4M 7
Distributable State Aid - Sub $239.8M Moody's Aa3 $239.8M 19
Drinking Water SRF $226.6M Moody's Aaa $152.8M 35
Fitch AAA $226.6M 53

Agency grades grouped by credit as reconciled in MuniPro’s book. Conduit or program series carry their obligor’s rating — a lower grade inside one credit is that obligor’s credit, not the authority’s direct debt. Par sums the rated securities in each grade; securities EMMA lists without a grade are omitted.

Maturity profile

par maturing by year · as of Sep 2026

Recent activity

rating actions & filings
Other Financial / Operating Data filed
Aug 31, 2026 · Other Financial / Operating Data: Monthly Construction Report
Official statement posted
Aug 28, 2026 · HOSPITAL REVENUE AND REFUNDING BONDS (HOLLAND COMMUNITY HOSPITA…
Quarterly / Monthly Financial Information filed
Aug 28, 2026 · Quarterly / Monthly Financial Information: 2026 Q2 Quarterly Re…
Interim / Additional Financial Information / Operating Data filed
Aug 27, 2026 · Interim / Additional Financial Information / Operating Data: FY…
Official statement posted
Aug 26, 2026 · HOSPITAL REVENUE AND REFUNDING BONDS (HOLLAND COMMUNITY HOSPITA…
Quarterly / Monthly Financial Information filed
Aug 25, 2026 · Quarterly / Monthly Financial Information: 2026 2nd Quarter Rep…
In context
Among the largest MI issuers by debt outstanding · #1 of 1460

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