Colorado Housing and Finance Authority Bond Rating Raised To 'AA+' On Better Asset-To-Liability Parity And Loss Coverage

SAN FRANCISCO (S&P Global Ratings) Sept. 30, 2016--S&P Global Ratings raised its long-term rating to 'AA+' from 'AA' on the Colorado Housing and Finance Authority's (CHFA) Class II bonds outstanding. At the same time, S&P Global Ratings assigned its 'AAA' long-term rating to the CHFA's multifamily/project Class I bonds (CHFA headquarters building project), series 2016A-1 (federally taxable) and 2016A-2 (non-AMT). Finally, S&P Global Ratings affirmed its 'AAA' long-term rating on CHFA's Class I bonds outstanding under the multifamily/project resolution. The outlook is stable. "The rating action on the Class II bonds is based on the improvement in asset-to-liability parity and loss coverage," said S&P Global Ratings credit analyst Aulii Limtiaco. "The ratings reflect the application of our affordable multifamily housing

...SAN FRANCISCO (S&P Global Ratings) Sept. 30, 2016--S&P Global Ratings raised its long-term rating to '##+' from '##' on the Colorado Housing and Finance Authority's (CHFA) Class II bonds outstanding. At the same time, S&P Global Ratings assigned its '###' long-term rating to the CHFA's multifamily/project Class I bonds (CHFA headquarters building project), series 2016A-1 (federally taxable) and 2016A-2 (non-AMT). Finally, S&P Global Ratings affirmed its '###' long-term rating on CHFA's Class I bonds outstanding under the multifamily/project resolution. The outlook is stable. "The rating action on the Class II bonds is based on the improvement in asset-to-liability parity and loss coverage," said S&P Global Ratings credit analyst Aulii Limtiaco. "The ratings reflect the application of our affordable multifamily housing criteria published June 19, 2014 on RatingsDirect," Ms. Limtiaco added. Proceeds of the 2016A-1 and 2016A-2 bonds will be used to finance the costs of remodeling and equipping...

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