Standard&Poor's Ratings Services affirmed its 'AA+' long-term rating on Southern California Home Financing Authority's single-family mortgage revenue bonds series 2002A-1A and 2002A-1B. The outlook is negative. The bonds are secured by Ginnie Mae mortgage-backed securities and Fannie Mae pass-through certificates. The rating reflects our view of: The sufficiency of revenues from mortgage debt service payments and investment earnings to pay full and timely debt service on the bonds until maturity; Extremely strong investment quality; and An asset-to-liability ratio of 101.61% as of April 9, 2013. The rating also reflects the sovereign rating on the United States. Should the sovereign rating on the United States be raised to 'AAA' and the bond program meet all criteria commensurate with an
