S&P Global Ratings assigned its 'AA+' long-term rating to the Pennsylvania Housing Finance Agency's (PHFA) single-family mortgage revenue bonds (SF MRBs) series 2024-145A (non-AMT) social bonds and 2024-145B (taxable) bonds. At the same time, we affirmed our 'AA+' long-term rating and 'AA+/A-1+' ratings on the agency's previously issued SF MRBs. 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 banks (TD
