Standard&Poor's Ratings Services assigned its 'AA+' rating to Pennsylvania Housing Finance Agency's (PHFA) $94 million series 2008-102A homeowner mortgage revenue bonds, $16.7 million series 2008-102B homeowner mortgage revenue bonds, and its 'AA+/A-1+' rating to the agency's $39 million series 2008-102C homeowner mortgage revenue bonds, and affirmed its ratings on all other series under the parity resolution. The ratings reflect: Very strong loss coverage protection provided by reserves under the indenture, and an insurance fund pledged to the bonds 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 general obligation (GO) pledge of the agency, which currently has a 'AA' issuer credit rating;
