Dallas (Standard&Poor's CreditWire) Feb. 8, 2000-- Standard&Poor's today assigned its double-'A' rating to Tennessee Housing Development Agency's $105 million General Homeownership Program bonds series 2000-1. The rating on the bond resolution reflects: -- Very strong credit quality of the single-family loan portfolio; -- A bond indenture with very strong financial strength; -- Very strong adequacy of reserves for liquidity; -- Sufficient loss coverage in the form of excess assets; and -- Investments commensurate with the rating on the bonds. The Homeownership Program bond resolution was created in 1985. All bonds in the resolution are on parity. The ratings on the resolution bonds are affirmed and a new rating is assigned to series 2000-1, which is $105
