Standard&Poor's Ratings Services raised its ratings on California Housing Finance Agency's (CalHFA) home mortgage revenue bonds, series 2004 A and G (also designated as Southern California Home Finance Authority's single-family mortgage revenue bonds, series 2004 A and B) to 'AAA/A-1+' from 'AA-/A-1+', and removed the ratings from CreditWatch with negative implications, reflecting a substitution of the enhancement. We expect that on Jan. 20, 2010 (the substitution date), the existing enhancements will be terminated and replaced under the U.S. Treasury's Temporary Credit and Liquidity Program (TCLP). Under TCLP, one master irrevocable standby temporary credit and liquidity facility (C&L facility), issued by Fannie Mae and Freddie Mac (collectively, the GSEs) in favor of the trustee, will support the
