Standard&Poor's Ratings Services affirmed its 'A-' long-term rating on the Phoenix Industrial Development Authority, Ariz.'s single-family mortgage revenue bonds series 2001-2A and 2001-2B issued for the Maricopa County Industrial Development Authority based on the guaranteed investment contracts (GIC) from AIG Matched Funding Corp. (A-/A-2). The bonds are secured by Ginnie Mae mortgage-backed securities and Fannie Mae pass-through certificates. The rating reflects our view of: Partial credit support through GICs from AIG Matched Funding Corp., The very strong credit quality of the Ginnie Mae mortgage-backed securities and Fannie Mae mortgage pass-through certificates, High-quality investments, and An asset-to-liability position of 144.07% as of June 1, 2011. USPF Criteria: Single-Family Mortgage-Backed Securities Programs, June 13, 2007
