The 'AAA' rating on Southern California Home Finance Authority's single-family mortgage revenue bonds (Ginnie Mae and Fannie Mae mortgage-backed securities program 1992 issue A) has been affirmed. The rating continues to reflect: The sufficiency of revenues passed-through under the securities to make all scheduled debt service payments and pay all required fees and expenses; and An asset-to-liability ratio of 130.14% as of June 12, 2003. The assets consist of a Ginnie Mae and Fannie Mae mortgage-backed securities, which are 'AAA' eligible under Standard&Poor's rating criteria. All funds are invested pursuant to a guaranteed investment contract with 'AAA' rated AIG Matched Funding Corp. Due to the strength and stability of the underlying collateral, as well as the structure of
