The 'AAA' rating on Southern California Home Financing Authority's single-family mortgage revenue bonds series 1989A has been affirmed. The bonds are secured by Ginnie Mae mortgage 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 an investment agreement with 'AAA' rated AIG Matched Funding Corp., and An asset-to-liability ratio of 137.17% as of May 13, 2003. The rating reflects the strong credit quality of the assets and credit support underlying the issue. The assets consist of Ginnie Mae guaranteed mortgage pass-through certificates, which are 'AAA' eligible under Standard&Poor's rating criteria. All funds are held
