The 'AAA' rating on Louisiana Public Facilities Authority's multifamily revenue refunding bonds (One Lakeshore Place Apartments Project) series 1996 A and B has been affirmed. The bonds are secured by Ginnie Mae mortgage-backed securities. 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 JP Morgan 100% U.S. Treasury money market fund rated 'AAAm', and An asset-to-liability ratio of 102.18% as of Sept. 13, 2005. The rating reflects the strong credit quality of the assets and credit support underlying the issue. The assets consist of Ginnie Mae guaranteed mortgage-backed securities, which are 'AAA' eligible under Standard&Poor's Ratings
