NEW YORK (Standard&Poor's CreditWire) April 21, 2000--Standard&Poor's today assigned its triple-'A/A-1'-plus rating the Industrial Development Authority of the County of Maricopa, Ariz.'s $65.5 million variable-rate demand multi-family housing revenue bonds series 2000A due April 15, 2030, issued on behalf of the Gran Victoria Housing LLC Project, series 2000A. The bonds are scheduled to sell April 28, 2000. The rating reflects: -- Extremely strong credit enhancement of the mortgage backing the bonds through a Fannie Mae credit enhancement facility; -- triple-'A' rated investments. The 2000A bonds will be secured by a Fannie Mae direct pay credit enhancement facility in the principal amount of $65.5 million. Through the credit facility, Fannie Mae will make all regularly scheduled payments
