Michigan Finance Authority Series 2021-1: Presale Report

DBRS, Inc. (DBRS Morningstar) assigned provisional ratings to the following series of notes to be issued by Michigan Finance Authority Series 2021-1:

-- $60,000,000 Series A-1A Notes rated AAA (sf)*
-- Up to $138,752,000 Series A-1B Notes rated AAA (sf)*

*The Notes will be issued in the aggregate principal amount of $198,752,000 between the Series A-1A Notes and the Series A-1B Notes as determined on or before the date of pricing. The minimum principal amount of the Series A-1A Notes that will be issued is $60,000,000.