The 'AAA' rating on Maricopa County Industrial Development Authority, Ariz.'s (taxable single family mortgage revenue bonds) series 2001A has been affirmed. The bonds are secured by Ginnie Mae mortgage-backed securities and Fannie Mae pass-through certificates. 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 Dreyfus money market fund rated 'AAAm', and An asset-to-liability ratio of 100.23% as of March 1, 2005. The rating reflects the strong credit quality of the assets and credit support underlying the issue. The assets consist of Ginnie Mae mortgage-backed securities and Fannie Mae pass-through certificates which are 'AAA' eligible under Standard&Poor's
