Colorado Housing&Finance Authority Series 2023K-1 Single-Family Mortgage Bonds Rated ?AAA?; Outlook Is Stable

ENGLEWOOD (S&P Global Ratings) June 5, 2023--S&P Global Ratings assigned its 'AAA' long-term rating to the Colorado Housing&Finance Authority's (CHFA) class I 2023 series K-1 single-family mortgage bonds (SFMB), which are expected to have a par amount of $159.9 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 ratings reflect our view of the program's legal framework, program management and operational risk assessment, which we consider neutral, overcollateralization and cash flows, sufficient liquidity to cover short-term disruptions in asset cash flows, and market position characteristics

...June 5, 2023 ENGLEWOOD (S&P Global Ratings) June 5, 2023--S&P Global Ratings assigned its '###' long-term rating to the Colorado Housing & Finance Authority's (CHFA) class I 2023 series K-1 single-family mortgage bonds (SFMB), which are expected to have a par amount of $159.9 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 ratings reflect our view of the program's legal framework, program management and operational risk assessment, which we consider neutral, overcollateralization and cash flows, sufficient liquidity to cover short-term disruptions in asset cash flows, and market position characteristics that are stronger than the national housing market," said S&P Global Ratings credit analyst Daniel Pulter. Bonds issued within the SFMB program, including the 2023 K-1...

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