Standard&Poor's affirms the ratings assigned to Georgia Housing and Finance Authority's (GHFA) bonds resolution III and resolution IV. The affirmations reflect the continuing strong performance of the authority's individual bond resolutions and the continuing ability of the authority as a financially sound, experienced entity that is able to provide stable management and, when necessary, financial support to its bond issues. The affirmations of the resolutions continue to reflect: The very high credit quality and strong performance of the mortgage loan collateral, Strength of the indenture cash flows, Loss coverage sufficiency, Adequate reserves under each resolution, and The very high credit quality of investments. Both resolutions are supported by the general obligation pledge of GHFA; however, the ratings are
