The 'AAA' rating on Louisiana Public Facilities Authority's Ginnie Mae collateralized multifamily revenue refunding bonds series 1996 A and B (One Lakeshore Place Apartments project) has been affirmed. The bonds are secured by a Ginnie Mae mortgage pass-through certificate. Other rating factors include: The sufficiency of revenues from mortgage debt service payments and investment earnings to pay full and timely debt service on the bonds until maturity, Investments held in One Group money market fund rated 'AAAm', and An asset-to-liability ratio of 102.64% as of Oct. 4, 2004. The rating reflects the strong credit quality of the assets and credit support underlying the issue. The assets consist of a Ginnie Mae guaranteed mortgage pass-through certificate, which is 'AAA' eligible under
