...February 25, 2025 NEW YORK (S&P Global Ratings) Feb. 25, 2025--S&P Global Ratings assigned its '##+' long-term rating to the Pennsylvania Housing Finance Agency's (PHFA) single-family mortgage revenue bonds (SF MRBs) anticipated $322.8 million series 2025-148A (non-AMT) social bonds and series 2025-148B (taxable) bonds. At the same time, we affirmed our '##+' long-term rating and '##+/A-1+' and '##+/A-1' ratings on the agency's outstanding SF MRBs. The outlook, where applicable, is stable. "The rating reflects our view that the SF MRB resolution will likely maintain its credit quality due to management's active monitoring of the program, prudent asset management, and financial strength," said S&P Global Ratings credit analyst Shirley Flores. According to preliminary transaction documents, PHFA plans to issue approximately $322.8 million of series 2025-148A and 2025-148B bonds (together, the 2025-148 bonds), to finance the purchase of new mortgage loans and closing assistance loans for single...
