NEW YORK (Standard&Poor's) April 2, 2003 -- The Georgia Fair Lending Act enacted in early March alleviates all concerns relating to the debt of Georgia Housing and Finance Authority, Standard&Poor's Ratings Services said today. Earlier this year, Standard&Poor's stopped rating transactions with Georgia loans as defined under the original law enacted in October 2002. However, the debt of the Georgia Housing and Finance Authority was not affected due to the financial strength of the Authority and its willingness to indemnify bondholders, as well as the Authority's ability to represent and demonstrate that it does not make "high cost" loans. Under the newly enacted law, the Authority has been excluded as a creditor, which now
