DALLAS (Standard&Poor's) June 5, 2002--Standard&Poor's today assigned its triple-'A' rating to Georgia Housing and Finance Authority's $33 million single-family mortgage bonds series 2002B, reflecting the strong credit quality of the pool of conventional mortgages, fully funded reserves and sufficient liquidity, the high credit quality of insurance supporting the mortgages, the strong credit quality of investments, and cash flow sufficiency. The bonds are being issued in order to acquire new mortgage loans and pay cost of issuance associated with the bonds. As of March 31, 2002, there were over 11,000 loans with an aggregate principal balance of $674 million outstanding, 87% of which are either FHA insured or VA guaranteed, and the remaining 13% is either conventionally
