NEW YORK (Standard&Poor's) Nov. 28, 2001—Standard&Poor's today assigned its double-'A' rating to Tennessee Housing Development Agency's $56.085 million homeownership program bonds series 2001-3A and $8.495 million homeownership program bonds series 2001-3B. The outlook on the bonds is stable. Standard&Poor's also affirmed its double-'A' rating on the agency's $1.407 billion general homeownership program bonds resolution. Additionally, Standard&Poor's affirmed its double-'A' underlying rating on the agency's homeownership program bonds series 2000-1. The ratings affirmations on the homeownership program bonds reflect: -- Very strong credit quality of the single-family loan portfolio, -- Substantial financial strength of the bond resolution, -- Very strong adequacy of reserves for liquidity, -- Sufficient loss coverage in the form of
