Standard&Poor's Ratings Services assigned its 'AAA' rating, with a stable outlook, to Georgia Housing and Finance Authority's (GHFA) single-family mortgage revenue bonds series 2009B-1 and 2009B-2. At the same time, Standard&Poor's affirmed its 'AAA' rating on GHFA parity resolution. The rating, in our opinion, reflects: The extremely strong credit quality of the collateral securing the bonds--a pool of mortgages consisting primarily of FHA-insured or VA-guaranteed loans; Fully funded reserves and sufficient liquidity; Very strong credit quality of the investments; Cash flow sufficiency demonstrating ample loss coverage protection at the 'AAA' level; and Sufficient loss coverage in the form of excess assets. The bonds $30, 000, 0000 bond issuance under the series 2009B-1 and 2009B-2 are being
