Standard&Poor's Ratings Services affirmed its 'AA+/A-1' rating on Pennsylvania Housing Finance Agency's (PHFA) single-family mortgage revenue bonds series 2006-93B, 2006-95C, 2007-98C, 2007-99C, and 2007-100C. The outlook is negative. The long-term component of the rating is based on our opinion of the credit strength of the parity resolution. The short-term component of the rating is based on liquidity facility provider Dexia Credit Local (A/A-1). On Aug. 10, 2011, the issuer expects to substitute the current liquidity facility with a facility provided by JPMorgan Chase Bank N.A. (AA-/A-1+). The facility is expected to cover the purchase price of tendered bonds in the event of a failed remarketing at the maximum rate for 35 days of interest. The facility is expected
