12:29 PM
Julio Barreto
The Philadelphia Housing Authority (PHA) was issued an “AA-“rating (ICR) from Standard and Poor’s (S&P) Rating Services due to its strong overall management and strategic plan. This is the second highest rating issued by S&P and the highest rating issued to date to a housing authority. Ratings in the “AA” category are considered high investment grades. This means PHA is considered an attractive option for investors.“Standard and Poor’s believes the Philadelphia Housing Authority’s management has the wherewithal to balance new development and rehabilitation prudently and in a manner that makes the most use of its limited resources to improve it overall housing stock,” said Valerie White a credit analyst with S&P.S&P’s ICR is an opinion of the overall financial capacity of an...
