Standard&Poor's Ratings Services affirmed its 'AA+/A-1' ratings on Pennsylvania Housing Finance Agency's (PHFA) series 2006-93B, 2006-95C, 2007-98C, 2007-99C, and 2007-100C single-family mortgage revenue bonds. The outlook on all issues is negative. The affirmation reflects a new standby letter of credit agreement (SLOC) provided by Sumitomo Mitsui Banking Corp. (A+/A-1), substituting a prior standby bond purchase agreement provided by JPMorgan Chase Bank N.A. (A+/A-1). The long-term component of the ratings reflects our view of the parity resolution's credit strength. (For additional information on PHFA's single-family mortgage revenue bond resolution, see the full analysis, published June 24, 2013, on RatingsDirect.) The short-term component of the ratings is based on the rating on Sumitomo Mitsui Banking Corp. The new Sumitomo Mitsui
