NEW YORK (Standard&Poor's) March 7, 2012--Standard&Poor's Ratings Services removed its ratings on Georgia Housing and Finance Authority's outstanding debt from CreditWatch with negative implications. At the same time, Standard&Poor's affirmed its 'AAA' long-term rating on the debt. The outlook is stable. "The removal from CreditWatch with negative implications is based on our view of the financial strength of the bonds and the strong oversight of the authority," said Standard&Poor's credit analyst Mikiyon Alexander. The 'AAA' long-term rating reflects our view of: Economic stress scenario cash flows under various prepayment speeds, demonstrating, in our view, that there is currently sufficient loss coverage at the 'AAA' rating level; The quality of the single-family mortgage
