...August 9, 2022 SAN FRANCISCO (S&P Global Ratings) Aug. 9, 2022--S&P Global Ratings assigned its '##+' long-term rating to the Pennsylvania Housing Finance Agency's (PHFA) series 2022-140A (Non-AMT) social bonds and series 2022-140B (federally taxable). At the same time, we affirmed our '##+' long-term rating and underlying rating (SPUR) and our '##+/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 general obligation (GO; '##-') pledge on the bonds," said S&P Global Ratings credit analyst Ki-Beom Park. The 2022-140 bond proceeds will be used to finance the purchase of new mortgage...
