S&P Global Ratings assigned its 'AA+' long-term rating to the Pennsylvania Housing Finance Agency's (PHFA) single-family mortgage revenue bonds (SF MRB) series 2024-144A (non-AMT) social bonds and 2024-144B (taxable) bonds. At the same time, we affirmed our 'AA+' long-term rating and 'AA+/A-1+' ratings on the agency's previously issued single-family mortgage revenue bonds. The outlook is stable. Bonds issued within the SF MRB resolution are payable from the revenues, assets, and money pledged under the master indenture on a parity basis with all other obligations outstanding under the master indenture. The bonds are also secured by PHFA's general obligation (GO) pledge. The short-term component of the dual ratings on several of the agency's variable-rate bonds reflects our short-term rating on two
