SAN FRANCISCO (Standard&Poor's) Oct. 3, 2001--Standard&Poor's today assigned its triple-'A/A-1'-plus rating to Washington State Housing Finance Commission's $18.5 million variable-rate demand nonprofit housing revenue bonds series 2001, issued for the Samuel and Jessie Kenney Presbyterian Retirement Home. The bonds are scheduled to sell Oct. 11, 2001. The rating is based on an LOC provided by Pacific Northwest Bank ('N.R.') and a confirming LOC provided by the Federal Home Loan Bank of Seattle (triple-'A/'A-1'-plus). The LOCs expire on Oct. 11, 2006, unless extended or terminated earlier pursuant to the terms of either LOC. Coverage for regular principal and interest will first be provided by Pacific Northwest Bank. Should Pacific Northwest Bank fail to honor a draw for
