Standard&Poor's Ratings Services affirmed its 'A+' issuer credit rating and long-term ratings on Colorado Housing and Finance Authority's (CHFA) GO debt, based upon the following factors: The high quality of CHFA's asset base; A strong earnings profile relative to its peers; A seasoned management team with a demonstrated track record of achievement; Success in meeting its legislative mandate and maintaining a strong and positive relationship with the state government; and Colorado's growing economy. CHFA has continued building its mortgage portfolio, despite experiencing high loan prepayments triggered by the record low interest rates. This growing loan portfolio has stemmed the income losses it would have experienced if it were forced to hold cash in low-earning investments. Offsetting the above
