S&P Global Ratings assigned its 'AAA' long-term rating to the Colorado Housing&Finance Authority's (CHFA) 2025 series J-1 class I multifamily project bonds (MFPBs; Chrysalis Apartments), with an expected par of $6.6 million. In addition, we assigned our ?AA? long-term rating to CHFA?s 2025 J-2 class III multifamily project bonds (MFPBs Chrysalis Apartment), with an expected par of $14.2 million. At the same time, we affirmed our 'AAA', 'AA+', and ?AA? long-term ratings on CHFA's class I, class II, and class III bonds, respectively, in addition to our 'AAA/A-1+' and 'AA+/A-1+' dual ratings on the authority's adjustable-rate class I and II bonds outstanding, respectively. The outlook, where applicable, is stable. CHICAGO (S&P Global Ratings) Nov. 21, 2025--S&P Global Ratings