The 'AAA' rating on Southern California Home Finance Authority's single-family mortgage revenue bonds series 1995-1999 has been affirmed. A total of 13 issuances have been issued under the authority's general indenture since June 1995. All bonds are secured by Ginnie Mae and Fannie Mae mortgage pass-through certificates. The series 1997C-1A bonds are specifically backed by Fannie Mae Home Improvement Loan mortgage 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, All funds have been invested with investment agreements rated 'AAA' by Standard&Poor's Ratings Services, and An asset-to-liability ratio of 106.85% as of June 11, 2004. The rating reflects
