Standard&Poor's Ratings Services affirmed its 'AAA' rating on Maricopa County Industrial Development Authority, Ariz.'s adjustable-rate mortgage backed revenue bonds (mortgage backed securities program) series 2000A. The bonds are secured by Ginnie Mae mortgage-backed securities (MBS). The rating continues to reflect: The sufficiency of revenues from mortgage debt service payments and investment earnings to pay full and timely debt service on the bonds until maturity; Extremely strong investment quality; and An asset-to-liability ratio of 100.00 % as of Nov. 3, 2008. The rating reflects the strong credit quality of the assets and credit support underlying the issue. The assets consist of Ginnie Mae guaranteed MBS, which are 'AAA' eligible under Standard&Poor's rating criteria. Due to the monthly
