The 'AAA' ratings on Illinois Development Finance Authority's multifamily housing revenue bonds (Ginnie Mae collateralized mortgage loan--Neighborhood Commons Cooperative) series 1999A and taxable 1999B have been affirmed. The rating reflects: A Ginnie Mae permanent loan certificate, The sufficiency of revenues passed-through under the Ginnie Mae security to make all scheduled debt service payments and pay all required fees and expenses, Investments held pursuant to an investment agreement with 'AAA' rated FGIC Capital Markets, and An asset-to-liability ratio of 100.16% as of July 18, 2003. Bond proceeds were used to provide permanent financing for the renovation of a 166-unit, 14-building multifamily residential project, Neighborhood Commons Cooperative, in Chicago, Ill. The rating reflects the strong credit quality of the assets and credit
