Summary: Pennsylvania Housing Finance Agency; Single Family Whole Loan

S&P Global Ratings raised the short-term component of its rating on Pennsylvania Housing Finance Agency's series 2004-83C, 2004-86B, and 2005-89 single-family mortgage revenue bonds to 'AA+/A-1+' from 'AA+/A-1'. The outlook is stable. This rating action reflects our assessment of the replacement of the standby-bond-purchase agreements (SBPAs) provided by The Bank of Tokyo-Mitsubishi UFJ Ltd. with new SBPAs provided by TD Bank N.A., effective Aug. 16, 2017. The long-term component of the rating on each of the series reflects our opinion of the credit strength of Pennsylvania Housing Finance Agency's parity resolution. The 'A-1+' short-term component of the rating on the series 2004-83C, 2004-86B, and 2005-89 bonds reflects the short-term component of the issuer credit rating on TD Bank N.A. and

...S&P Global Ratings raised the short-term component of its rating on Pennsylvania Housing Finance Agency's series 2004-83C, 2004-86B, and 2005-89 single-family mortgage revenue bonds to '##+/A-1+' from '##+/A-1'. The outlook is stable. This rating action reflects our assessment of the replacement of the standby-bond-purchase agreements (SBPAs) provided by The Bank of Tokyo-Mitsubishi UFJ Ltd. with new SBPAs provided by TD Bank N.A., effective Aug. 16, 2017. The long-term component of the rating on each of the series reflects our opinion of the credit strength of Pennsylvania Housing Finance Agency's parity resolution. The 'A-1+' short-term component of the rating on the series 2004-83C, 2004-86B, and 2005-89 bonds reflects the short-term component of the issuer credit rating on TD Bank N.A. and our opinion of the likelihood bondholders will receive interest and principal payments if they exercise the put option. The debt is variable-rate debt with a bondholder option to demand repayment...

Summary