Standard&Poor's Ratings Services assigned its 'AA+' and 'AA+/A-1+' ratings to Pennsylvania Housing Finance Agency's (PHFA) $199.2 million homeowner mortgage revenue bonds, and affirmed its ratings on all other series under the parity resolution. The ratings reflect: Very strong financial performance of the resolution; Very strong loss coverage protection provided by the agency's self-insurance fund covering estimated loan losses sufficient to support the rating level; Very strong quality of the single-family mortgage collateral, including primarily conventional and FHA-insured mortgages; the GO pledge of the agency, which currently has a 'AA' issuer credit rating; and Investments commensurate with the rating on the bonds. Bond proceeds, along with an agency contribution from available funds in the indenture, will provide funds to
