The rating on Georgia Housing&Finance Authority's bonds reflects: * Strong credit quality of the pool of conventional mortgages, * Fully funded reserves and sufficient liquidity, * High credit quality of insurance supporting the mortgages, * Credit quality of the investments, and * Sufficiency of cash flows. The series 1998B bonds are being issued in order to make monies available to originate new mortgage loans, refund prior debt under the indenture, and pay cost of issuance. Proceeds from the sale of series 1998C bonds will be deposited in an investment agreement with a provider whose rating is at least 'AA-/A-1+'. The bonds are on parity with 28 prior series of bonds under the resolution, which was opened on Nov.
