The rating on Georgia Housing and Finance Authority's series 1998C bonds is revised to 'AAA' from 'AAA/A-1+', as the bonds are remarketed long term. The resolution's 'AAA' rating is affirmed and reflects: Extremely strong credit quality of the pool of conventional mortgages, Fully funded reserves and sufficient liquidity, High credit quality of insurance supporting the mortgages, Extremely strong credit quality of the investments, and Cash flow sufficiency. The 1998 series C bonds are being issued in order to make monies available to originate new mortgage loans and pay cost of issuance. Proceeds from the sale of the 1998 series C bonds will be deposited in an acquisition fund investment agreement with a provider whose short term rating is 'A-1+'. The
