This report does not constitute a rating action. S&P Global Ratings' issuer credit rating (ICR) on the Colorado Housing&Finance Authority (CHFA) is 'AA-'. In addition, our long-term rating on the authority?s series 2025 general obligation (GO) bonds is 'AA-'. The outlook is stable. An ICR reflects the obligor's general creditworthiness and its capacity and willingness to meet financial commitments when they come due. It does not apply to any specific financial obligation and does not consider the obligation's nature and provisions, bankruptcy standing, liquidation, statutory preferences, or legality and enforceability. The series 2025 GO bonds were issued to finance loans to create new, affordable, income-restricted, for-sale housing within the state of Colorado. The bonds are general obligations of
