NEW YORK (Standard&Poor's) Feb. 18, 2014--Standard&Poor's Ratings Services has assigned its 'AAA' long-term rating to Georgia Housing and Finance Authority's series 2014A-1, A-2, A-3, and A-4 single-family mortgage bonds. At the same time, Standard&Poor's has affirmed its 'AAA' long-term rating on all other outstanding issues under the single-family mortgage bonds resolution (the general resolution). The outlook on all issues is stable. The 'AAA' rating reflects Standard&Poor's view of: The economic stress scenario cash flows run under various prepayment speeds, demonstrating sufficient loss coverage for a 'AAA' rating; The strong credit quality of the collateral securing the bonds; The quality of the single-family mortgage collateral; The fully-funded reserves and sufficient liquidity; and The
