Colorado Housing&Finance Authority $145M Single-Family Mortgage Bonds Assigned 'AAA' Rating; Outlook Stable

ENGLEWOOD (S&P Global Ratings) May 10, 2024--S&P Global Ratings assigned its 'AAA' long-term rating to the Colorado Housing&Finance Authority's (CHFA) class I 2024 series C-1 single-family mortgage bonds (SFMBs) with an expected par amount of $145.5 million. At the same time, we affirmed our 'AAA', 'AA+', and 'AA' long-term ratings on the authority's class I, class II, and class III bonds, respectively, as well as our various dual ratings ('AAA/A-1+' and 'AAA/A-1' for class I, and 'AA+/A-1+' and 'AA+/A-1' for class II) on bonds outstanding under the SFMB indenture. The outlook, where applicable, is stable. "The rating reflects our view of the program's legal framework, program management and operational risk assessment, overcollateralization and cash flows, sufficient liquidity, and

...May 10, 2024 ENGLEWOOD (S&P Global Ratings) May 10, 2024--S&P Global Ratings assigned its '###' long-term rating to the Colorado Housing & Finance Authority's (CHFA) class I 2024 series C-1 single-family mortgage bonds (SFMBs) with an expected par amount of $145.5 million. At the same time, we affirmed our '###', '##+', and '##' long-term ratings on the authority's class I, class II, and class III bonds, respectively, as well as our various dual ratings ('###/A-1+' and '###/A-1' for class I, and '##+/A-1+' and '##+/A-1' for class II) on bonds outstanding under the SFMB indenture. The outlook, where applicable, is stable. "The rating reflects our view of the program's legal framework, program management and operational risk assessment, overcollateralization and cash flows, sufficient liquidity, and market position characteristics," said S&P Global Ratings credit analyst Daniel Pulter. Bonds issued within the SFMB program, including the 2024 series C-1 bonds, are issued by the authority pursuant...

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