Summary: Pennsylvania Housing Finance Agency's Series 2002-74A And 2002-75A Bonds Rating Raised To 'AA+/A-1+'; Single Family Whole Loan - S&P Global Ratings’ Credit Research

Summary: Pennsylvania Housing Finance Agency's Series 2002-74A And 2002-75A Bonds Rating Raised To 'AA+/A-1+'; Single Family Whole Loan

Summary: Pennsylvania Housing Finance Agency's Series 2002-74A And 2002-75A Bonds Rating Raised To 'AA+/A-1+'; Single Family Whole Loan - S&P Global Ratings’ Credit Research
Summary: Pennsylvania Housing Finance Agency's Series 2002-74A And 2002-75A Bonds Rating Raised To 'AA+/A-1+'; Single Family Whole Loan
Published May 05, 2011
1435 words — Published May 05, 2011
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Abstract:

Standard&Poor's Ratings Services raised the short-term component of its rating on Pennsylvania Housing Finance Agency's (PHFA) single-family mortgage revenue bonds series 2002-74A and 2002-75A to 'AA+/A-1+' from 'AA+/A-1', due to the substitution of the existing standby bond purchase agreement (SBPA) provided by Lloyds TSB Bank PLC (A+/A-1) with a SBPA provided by Barclays Bank PLC (AA-/A-1+). At the same time, Standard&Poor's affirmed its 'AA+/A-1+' on PHFA's single-family mortgage revenue bonds series 2003-77B and 2003-79B, due to the substitution of the existing SBPA provided by BNP Paribas (AA/A-1+) with a SBPA provided by Barclays Bank PLC (AA-/A-1+). The long-term component of the rating on series 2002-74A, 2002-75A, and 2003-77B is based on the credit strength of the

  
Brief Excerpt:

RESEARCH Summary: Pennsylvania Housing Finance Agency's Series 2002-74A And 2002-75A Bonds Rating Raised To '##+/A-1+'; Single Family Whole Loan Publication date: 05-May-2011 Primary Credit Analyst: Mikiyon Alexander, New York (1)...

  
Report Type:

Summary

Issuer
Pennsylvania Hsg Fin Agy
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Pennsylvania Housing Finance Agency's Series 2002-74A And 2002-75A Bonds Rating Raised To 'AA+/A-1+'; Single Family Whole Loan" May 05, 2011. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Pennsylvania-Housing-Finance-Agency-s-Series-2002-74A-And-2002-75A-Bonds-Rating-Raised-To-AA-A-1-Single-Family-Whole-Loan-864851>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Pennsylvania Housing Finance Agency's Series 2002-74A And 2002-75A Bonds Rating Raised To 'AA+/A-1+'; Single Family Whole Loan May 05, 2011. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Pennsylvania-Housing-Finance-Agency-s-Series-2002-74A-And-2002-75A-Bonds-Rating-Raised-To-AA-A-1-Single-Family-Whole-Loan-864851>
  
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