Standard&Poor's Ratings Services lowered its short-term rating on Pennsylvania Housing Finance Agency's adjustable rate revenue bonds to 'A-1' from 'A-1+'. This action follows Standard&Poor's downgrade of Lloyds TSB Bank PLC, the liquidity provider, to 'A+/A-1' from 'AA-/A-1+'. The long-term component of the rating is based on Pennsylvania Housing Finance Agency. USPF Criteria: "Bank Liquidity Facilities," June 22, 2007