The 'BB' rating on Illinois Development Finance Authority's section 8 assisted revenue bonds series 1992 is affirmed. The outlook has been revised to 'negative', reflecting the availability of revenues not keeping pace with the increasing debt service payment requirements. The bonds are supported by a section 8 subsidized mortgage loan. The rating continues to reflect: Sufficiency of reserves, Quality of investments, and Stability of management provided by Metroplex Inc. For the year ended June 30, 1999, audited financial statements demonstrate that debt service coverage, based on the actual amount due, was 1.05 times (x). This compares favorably to that of the prior year (0.98x), but lower than the 1.11x in fiscal year 1995. The housing assistance payment (HAP) contracts are
