Summary: Pennsylvania Housing Finance Agency; Single Family Multiple MBS; Single Family Whole Loan

S&P Global Ratings assigned its 'AA+' long-term rating to the Pennsylvania Housing Finance Agency's (PHFA) series 2021-135A (Non-AMT) social bonds and 2021-135B (AMT) social bonds. At the same time, S&P Global Ratings affirmed its 'AA+' long-term rating and underlying rating (SPUR) and its 'AA+/A-1' and 'AA+/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 2021-135 bond proceeds will be used to finance the purchase of new mortgage loans and downpayment and closing assistance loans for single-family low- and moderate-income residences, refund previously issued bonds (series 2012-114A), and pay issuance costs. The bonds will bear interest--payable semiannually on Oct. 1 and April 1, starting Oct. 1, 2021--at

...S&P Global Ratings assigned its '##+' long-term rating to the Pennsylvania Housing Finance Agency's (PHFA) series 2021-135A (Non-AMT) social bonds and 2021-135B (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 2021-135 bond proceeds will be used to finance the purchase of new mortgage loans and downpayment and closing assistance loans for single-family low- and moderate-income residences, refund previously issued bonds (series 2012-114A), 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....

Summary