SAN FRANCISCO (Standard&Poor's CreditWire) Nov. 29, 2000--Standard&Poor's today assigned its triple-'A' rating to Southern California Home Financing Authority's (SCHFA) $14.24 million single-family mortgage bonds series 2000D. The bonds are scheduled to sell Nov. 29, 2000. The rating reflects: -- The extremely high credit quality of the GNMA, Fannie Mae, and FHLMC mortgage-backed securities (MBS)--all agencies are considered triple-'A' eligible under Standard&Poor's rating criteria due to direct or implied support from the U.S. government; -- Triple-'A' rated investments; and -- Cash flow sufficiency. The authority is issuing the bonds under a closed-lien indenture to purchase 30-year, fixed-rate MBS backed by single-family mortgages originated to public school teachers and administrators in Los Angeles and Orange Counties.
