S&P Global Ratings assigned its 'AA+' long-term rating to the Pennsylvania Housing Finance Agency's (PHFA) series 2023-141A (Non-AMT) social bonds and series 2023-141C (federally taxable). At the same time, S&P Global Ratings affirmed its 'AA+' long-term rating and underlying rating (SPUR) and its 'AA+/A-1' and 'AA+/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 rating reflects the application of our "Methodology For Rating U.S. Public Finance Mortgage Revenue Bond Programs," published Oct. 10, 2022, on RatingsDirect. Bonds issued within the single-family mortgage revenue bonds resolution (SF MRB) are payable from the revenues, assets, and money pledged under the master indenture on a parity basis with all
