NY -- Standard&Poor's CreditWire 1/7/98 -- Standard&Poor's today affirmed its ratings on Washington State Housing Finance Commission's debt as follows: -- FHA insured mortgage loan (Burke-Gilman Place Project) refunding bonds series 1993A at triple-'A', -- FHA insured multifamily mortgage revenue bonds series 1985 at single-'A'-plus, and -- single-family mortgage (mortgage-backed securities program) series 1992 B-1, C-1, D-1, 1994 C-2, D-2, E-1, and F-1 bonds at triple-'A'. The ratings continue to reflect: -- The high credit quality and performance of the mortgage collateral, -- Sufficiency of reserves, -- Quality of investments, and -- Sufficient assets over liabilities. Series 1985A and 1993A are stand-alone issues backed by mortgages insured by the Federal Housing Administration under Section 221 (d)
