DALLAS (Standard&Poor's) April 16, 2003--Standard&Poor's Ratings Services has assigned its 'AAA' rating to the Georgia Housing and Finance Authority's $49 million single-family mortgage revenue bonds, based on the authority's fully funded reserves and sufficient liquidity, among other factors. The bonds are slated to sell on April 21. In addition, Standard&Poor's affirmed its 'AAA' rating on approximately $758 million in outstanding parity debt issued under the authority's 1976 general resolution, based on the extremely high credit quality of the mortgage loans backing the bonds. The outlook on the new and outstanding debt is stable. "The ratings reflect the extremely strong credit quality of the pool of mortgages, consisting primarily FHA-insured or VA-guaranteed loans; fully funded
