Standard&Poor's Ratings Services affirmed its 'A+' issuer credit rating (ICR) on the Colorado Housing and Finance Authority (CHFA), as well as its ratings on all debt supported by CHFA's GO pledge. The affirmed ICR reflects: Improving asset quality, as measured by the declining level of non-performing assets (NPAs), backed by loans with strong insurance coverage; A stable equity position, as demonstrated by a constant equity to assets ratio of approximately 8% and a steady equity-to-debt ratio of 9% for the past four years; A seasoned management team, with a demonstrated track record of fulfilling its mission of expanding the availability of loans to the affordable housing market; Success in meeting its legislative mandate, and maintaining a strong and
