Standard&Poor's Ratings Services affirmed its 'A-' rating on Los Angeles' series 1997A-2 and 1997B single-family mortgage revenue bonds. The bonds are secured by Ginnie Mae and Freddie Mac mortgage-backed securities and Fannie Mae pass-through certificates, all of which are 'AA+' eligible under our rating criteria. The rating continues to reflect our view of: The sufficiency of revenues from mortgage debt service payments and investment earnings to pay full and timely debt service on the bonds until maturity; The investments held with AIG Matched Funding (A-); and The 166.09% asset-to-liability ratio as of April 19, 2013. The revenue fund is invested pursuant to an investment agreement with AIG Matched Funding and First American Treasury Obligations Class D Money Market
