...April 15, 2022 SAN FRANCISCO (S&P Global Ratings) April 15, 2022--S&P Global Ratings assigned its '##+' long-term rating to the Pennsylvania Housing Finance Agency's (PHFA) series 2022-139 (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 '##+' long-term rating and underlying rating reflect our opinion of PHFA's very strong single-family loan portfolio credit quality, consolidated indenture cash flows, mortgage payment and investment earnings revenue that is sufficient to pay debt service and fees until maturity, and with over 67% of loans carrying federal insurance or federal guarantees; general obligation (GO; '##-') pledge on the bonds, in addition to the single-family resolution revenue and assets," said S&P Global...
