S&P Global Ratings assigned its 'AAA' long-term rating to the Colorado Housing&Finance Authority 's class I 2025 series L-1 (federally taxable) single-family mortgage bonds (SFMBs) with an expected par amount of $197.63 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. ENGLEWOOD (S&P Global Ratings) June 23, 2025--S&P Global Ratings today took the rating actions listed above. In our opinion, the program exhibits social capital opportunities given its