S&P Global Ratings assigned its 'AA-' long-term rating to Colorado Housing and Finance Authority ?s (CHFA) general obligation bonds, series 2025. We also affirmed our 'AA-' issuer credit rating (ICR) on CHFA. The outlooks are stable. CHICAGO (S&P Global Ratings) Nov. 18, 2025-- S&P Global Ratings today took the rating actions listed above. We analyzed CHFA's environmental, social, and governance factors relative to its financial strength, management and legislative mandate, and the local economy, and view them to be neutral in our credit analysis. The stable outlook reflects our view that CHFA's financial strength, management and governance, and legislative mandate, as well as the general economic performance of the state and demand for affordable housing, will remain in line with