DALLAS (Standard&Poor's) March 5, 2002--Standard&Poor's today assigned its double-'A' rating to Tennessee Housing Development Agency's $63.19 million homeownership program bonds series 2002-1A and $21.81 million homeownership program bonds series 2002-1B. The outlook on the bonds is stable. Standard&Poor's also affirmed its double-'A' rating on the agency's $1.305 billion general homeownership program bonds resolution. Additionally, Standard&Poor's affirmed its double-'A' underlying rating (SPUR) on the agency's $26.495 million homeownership program bonds series 2000-1. The rating 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
