...S&P Global Ratings assigned its '##+' long-term rating to Pennsylvania Housing Finance Agency's (PHFA) series 2021-134A (Non-AMT) social bonds and 2021-134B (AMT) social bonds. At the same time, S&P Global Ratings affirmed its '##+' long-term rating and underlying rating (SPUR) and its '##+/A-1' and '##+/A-1+' dual ratings on PHFA's previously issued debt under the single-family mortgage revenue bond resolution (the single-family resolution). The outlook is stable. The 2021-134 bond proceeds will be used to finance the purchase of new mortgage loans for single-family low- and moderate-income residences, refund previously issued bonds (series 2006-93B and 2005-89 bonds), and pay issuance costs. The bonds will bear interest--payable semiannually on Oct. 1 and April 1, starting Oct. 1, 2021--at fixed rates until maturity, subject to redemption as described in the official statements. PHFA established the bond indenture in 1982, and all bonds in the indenture, which total approximately $2.9...
