Standard&Poor's Ratings Services confirmed its underlying rating (SPUR) on Pennsylvania Housing Finance Agency's series 2005A capital fund security revenue bonds, issued for a pool of six participating Pennsylvania local housing authorities. We confirmed the rating in conjunction with a planned redemption by Mercer County in its entirety. We have determined this proposed action should not have an effect on the ratings on the bonds. General Criteria: The Interaction Of Bond Insurance And Credit Ratings, Aug. 24, 2009 USPF Criteria: Federal Future Flow Securitization, March 12, 2012 General Criteria: Global Investment Criteria For Temporary Investments In Transaction Accounts, May 31, 2012 USPF Criteria: Public Housing Authority Debt, June 22, 2007 USPF Criteria: Methodology: Definitions And Related Analytic Practices For
