NEW YORK (Standard&Poor's CreditWire) April 12, 2000 – Standard&Poor's today assigned its triple-'A' rating to Georgia Housing and Finance Authority's (GHFA) $45 million single-family mortgage bonds series 2000B. The bonds are scheduled to sell April 27, 2000. Standard&Poor's also affirmed its triple-'A' rating on GHFA's $491.77 million single-family mortgage bonds various series. The rating on the parity resolution reflects: -- The extremely strong credit quality of the pool of conventional mortgages, consisting primarily of FHA-insured or VA-guaranteed loans; -- 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
