...February 10, 2022 SAN FRANCISCO (S&P Global Ratings) Feb. 10, 2022--S&P Global Ratings assigned its '##+' long-term rating to the Pennsylvania Housing Finance Agency's (PHFA) series 2022-138 (NON-AMT) social bonds. At the same time, S&P Global Ratings affirmed its '##+' long-term rating and underlying rating (SPUR) and its '##+/A-1' and '##+/A-1+' dual ratings on PHFA's previously issued debt under the single-family mortgage revenue bond resolution (the single-family resolution). The outlook is stable. The 2022-138 bond proceeds will be used to finance the purchase of new mortgage loans and downpayment and closing cost assistance loans for single-family low- and moderate-income residences and pay issuance costs. "The '##+' rating reflects our opinion of PHFA's very strong single-family loan portfolio credit quality, cash flows demonstrating sufficient asset-to-liability parity, mortgage payment and investment earnings revenue that is sufficient to pay debt service and fees until maturity,...
