Pennsylvania Housing Finance Agency's ICR Outlook Revised To Negative On Declining Financial Performance - S&P Global Ratings’ Credit Research

Pennsylvania Housing Finance Agency's ICR Outlook Revised To Negative On Declining Financial Performance

Pennsylvania Housing Finance Agency's ICR Outlook Revised To Negative On Declining Financial Performance - S&P Global Ratings’ Credit Research
Pennsylvania Housing Finance Agency's ICR Outlook Revised To Negative On Declining Financial Performance
Published Apr 05, 2011
1101 words — Published Apr 05, 2011
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Abstract:

NEW YORK (Standard&Poor's) April 5, 2011--Standard&Poor's Ratings Services revised the outlooks on its issuer credit rating (ICR) on Pennsylvania Housing Finance Agency (PHFA) and its 'AA' long-term and underlying (SPUR) ratings on PHFA's single-family risk retention program to negative from stable. Standard&Poor's also revised its bond rating outlook on all debt supported by the agency's general obligation (GO) pledge to negative from stable. At the same time, Standard&Poor's affirmed its 'AA' ICR and its 'AA' long-term and SPUR ratings on PHFA's single-family risk retention program and on all debt supported by the agency's GO pledge. The ICR is based on our opinion of the agency's large loan loss reserves to protect against

  
Brief Excerpt:

RESEARCH Pennsylvania Housing Finance Agency's ICR Outlook Revised To Negative On Declining Financial Performance Publication date: 05-Apr-2011 Primary Credit Analyst: Mikiyon Alexander, New York (1) 212-438-2083; mikiyon_alexander@standardandpoors.com...

  
Report Type:

Ratings Action

Issuer
Pennsylvania Hsg Fin Agy
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Pennsylvania Housing Finance Agency's ICR Outlook Revised To Negative On Declining Financial Performance" Apr 05, 2011. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Pennsylvania-Housing-Finance-Agency-s-ICR-Outlook-Revised-To-Negative-On-Declining-Financial-Performance-859010>
  
APA:
S&P Global Ratings’ Credit Research. (). Pennsylvania Housing Finance Agency's ICR Outlook Revised To Negative On Declining Financial Performance Apr 05, 2011. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Pennsylvania-Housing-Finance-Agency-s-ICR-Outlook-Revised-To-Negative-On-Declining-Financial-Performance-859010>
  
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