Colorado Housing&Finance Authority Class III L Single-Family Mortgage Bonds Rated 'AA'; Class I M-1 Bonds Rated 'AAA'

ENGLEWOOD (S&P Global Ratings) July 24, 2023--S&P Global Ratings assigned its 'AA' long-term rating to the Colorado Housing&Finance Authority's class III 2023 series L single-family mortgage bonds (SFMBs) and its 'AAA' long-term rating to the class I 2023 series M-1 bonds, expected to have an aggregate par amount of $112.5 million. At the same time, we affirmed our 'AAA', 'AA+', and 'AA' long-term ratings and various short-term ratings on the authority's class I, class II, and class III bonds outstanding, respectively, under the SFMB indenture. The outlook, where applicable, is stable. The authority is also issuing its 2023 series M-2 class II adjustable-rate bonds, which we understand will receive liquidity support in the form of a standby bond

...July 24, 2023 ENGLEWOOD (S&P Global Ratings) July 24, 2023--S&P Global Ratings assigned its '##' long-term rating to the Colorado Housing & Finance Authority's class III 2023 series L single-family mortgage bonds (SFMBs) and its '###' long-term rating to the class I 2023 series M-1 bonds, expected to have an aggregate par amount of $112.5 million. At the same time, we affirmed our '###', '##+', and '##' long-term ratings and various short-term ratings on the authority's class I, class II, and class III bonds outstanding, respectively, under the SFMB indenture. The outlook, where applicable, is stable. The authority is also issuing its 2023 series M-2 class II adjustable-rate bonds, which we understand will receive liquidity support in the form of a standby bond purchase agreement with the Bank of America N.A. We will rate the 2023 series M-2 class II bonds separately. According to preliminary transaction documents, proceeds of the 2023 series L, M-1, and M-2 bonds (the 2023LM) bonds, expected...

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