| Title: | Summary: Pennsylvania Housing Finance Agency; General Obligation |
| Price: | $175.00 |
| Publication Date: | May 05, 2008 |
| Report Type: | Summary |
| Abstract: | Standard&Poor's Ratings Services assigned its 'AA/A-1+' rating to Pennsylvania Housing Finance Agency's rental housing refunding bonds (Section 8 Assisted) series 2008A-2008D. Bond proceeds will be used to refund prior series 2002 and 2003 Section 8 assisted bonds. The bonds are a general obligation of the agency. The long-term component of the rating reflects: The general obligation pledge of the agency (AA); Very strong financial performance of the bonds under cash flow scenarios; Very seasoned, well-performing mortgages; Federally subsidized rental payments under the HUD Section 8 program, with housing assistance payment (HAP) contracts coterminous with the mortgage maturity dates; and Very strong asset management oversight on the part of the agency. The short-term component of the rating is based |
| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Pennsylvania Housing Finance Agency; General Obligation Publication date: ##-May-#### Primary Credit Analyst: Valerie White, New York (#) ###-###-####; valerie_white@standardandpoors.com Secondary... |
| Word Count: | 752 |
| Issuer: | Pennsylvania Hsg Fin Agy |
| Sector: | Global Issuers, Public Finance, Financial Institutions |
| Country: | United States |
| Region: | United States |
| Format: | 
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