S&P Global Ratings assigned its 'AAA' and 'AA' long-term ratings to the Colorado Housing&Finance Authority's (CHFA) single-family mortgage bonds series 2017A class I and 2017B-2 class II, respectively. In addition, CHFA plans on issuing series 2017B-1 (variable-rate) single-family mortgage bonds, secured by the open indenture and a liquidity facility from Royal Bank of Canada, which we will rate separately from this transaction. Finally, S&P Global Ratings affirmed all ratings on class I and class II bonds within the indenture. The outlook on all ratings, where applicable, is stable. The ratings reflect our opinion of the indenture's following strengths: Substantial over-collateralization at nearly 120% on the class I bonds and 110% on the class II bonds; Very strong credit
