NEW YORK (Standard&Poor's) Sept. 30, 2014--Standard&Poor's Ratings Services assigned its 'AAA' rating to Georgia Housing and Finance Authority's (GHFA) series 2014B single-family mortgage bonds. At the same time, Standard&Poor's affirmed its 'AAA' rating on all debt under GHFA's single-family mortgage bond resolution. The outlook is stable. The 'AAA' rating reflects Standard&Poor's view of: The economic stress cash flow scenarios 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 quality of investments permitted and held under the resolution. "The stable outlook reflects our
