The rating on Georgia Housing&Finance Authority's bonds reflects the continuing strong performance of its individual bond resolutions and the continuing status of the authority as a financially sound, experienced entity able to provide stable management and, when necessary, financial support to its bond issues. The affirmation also is based on: * Continued managerial expertise and experience in running a sophisticated housing agency; * Anticipated continuity of management and resources in the face of an ongoing reorganization of the authority; * The authority's ability and willingness to provide additional credit protection through a strong unencumbered funds to total debt position, which exceeds Standard&Poor's 4% requirement at the end of fiscal 1995; and * A pledge of continued
