NEW YORK (Standard&Poor's) Jan. 6, 2015--Standard&Poor's Ratings Services has placed its ratings on capital fund program revenue debt issued for Pennsylvania Housing Finance Agency, Philadelphia Housing Authority, and Puerto Rico Public Housing Administration on CreditWatch with negative implications. This action follows Standard&Poor's repeated attempts to obtain timely information of satisfactory quality to maintain its ratings on the securities, in accordance with its applicable criteria and policies. If the ratings service fails to receive the requested information by Jan. 15, 2015, it will likely suspend the affected ratings, preceded, in accordance with its policies, by any change to the ratings it considers appropriate given the available information. RELATED CRITERIA AND RESEARCH Related Criteria USPF Criteria:
