The rating on Pennsylvania Housing Finance Agency's multifamily development bonds series 2000I has been reinstated based on the extension of the maturity date to March 27, 2003. The issue is backed by the GO pledge of the agency. Pennsylvania Housing Finance Agency's issuer credit rating reflects: The agency's very strong asset base and good reserve position; Very strong financial performance, continued profitability and stable equity levels; The very strong management team of the agency; An ability of the agency to demonstrate continued state support while exercising autonomy and independence; and The agency's ability to successfully meet its legislative mandate. The credit quality of the agency's asset base and stable financial performance are expected to provide a strong degree of bondholder
