NEW YORK (Standard&Poor's CreditWire) May 25, 2000--Standard&Poor's today affirmed its ratings on Maricopa County Industrial Development Authority multifamily housing revenue refunding bonds series 1998A and series 1998B. The bonds have a term of 30 years and are due on March 1, 2028. The mandatory tender date is March 1, 2008. Following the Dec. 15, 1998 release of the US$6.57 million cash collateral fund held by the trustee, the bonds are now secured by a first mortgage loan collateralized by Coral Point Apartments in Mesa, Ariz., and by St. Andrews Apartments in Orlando, Fla. The properties are owned and managed by affiliates of America First Cos. As part of its review, Standard&Poor's considered, among other
