The rating on Georgia Housing and Finance Authority's (GHFA) single-family mortgage revenue bonds series 2000C bonds and the parity resolution reflects: * The extremely strong credit quality of the pool of conventional mortgages, consisting primarily of FHA-insured or VA-guaranteed loans; Fully funded reserves and sufficient liquidity; Very high credit quality of insurance supporting the mortgages; The extremely strong credit quality of the investments; and Cash flow sufficiency demonstrating ample loss coverage protection at the 'AAA' level. The bonds are being issued in order to make monies available to originate new mortgage loans and pay cost of issuance. Acquisition fund proceeds will be deposited in an investment agreement with a provider whose rating will not adversely affect the rating on the
