The 'AAA' rating on Southern California Home Finance Authority's single-family mortgage revenue bonds series 1994 D-2 has been affirmed. The series 1994 D-1 bonds were redeemed in full on April 1, 2004. The series 1994 D-2 bonds are secured by Fannie Mae and 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 pursuant to a guaranteed investment contract with AIG Matched Funding Corp rated 'AAA', and An asset-to-liability ratio of 141.24% as of Dec. 16, 2004. The rating reflects the strong credit quality of the assets and credit support underlying the issue. The assets
