NEW YORK (Standard&Poor's) Sept. 12, 2002--Standard&Poor's Ratings Services assigned its triple-'A' rating to Georgia Housing and Finance Authority's (GHFA) $30 million single-family bonds and the parity resolution, reflecting the extremely strong credit quality of the pool of mortgages, fully funded reserves and sufficient liquidity, very high credit quality of insurance supporting the mortgages, the extremely strong credit quality of the investments, and cash flow sufficiency demonstrating ample loss coverage protection at the triple-'A' level. The outlook is stable. As of June 30, 2002, there were more than 11,000 loans with an aggregate principal balance of $686 million outstanding--86% of the loans are either Federal Housing Administration insured or Veterans Administration guaranteed. The remaining 14% are either
