NEW YORK (Standard&Poor's) Feb. 25, 2002—Standard&Poor's today assigned its double-'A'-plus rating to Pennsylvania Housing Finance Agency's (PHFA) $152.73 million housing revenue bonds series 2002-73A, $47.27 million housing revenue bonds series 2002-73B, and $25 million taxable housing revenue bonds series 2002-73C. The outlook on the bonds is stable. The rating on the agency's series 2002-73 bonds reflect: -- Very strong loss coverage protection provided by the agency's leveraged self-insurance fund covering estimated loan losses at double-'A' rating level; -- Cash flows indicating stable portfolio performance; -- Investments commensurate with the rating on the bonds; and -- GO pledge of the agency, which currently has a double-'A' issuer credit rating. Bond proceeds along with an agency contribution from
