SAN FRANCISCO (Standard&Poor's) Jan. 31, 2012--Standard&Poor's Ratings Services removed its ratings on the Colorado Housing and Finance Authority's (CHFA) Class I bonds under its multifamily mortgage bond indenture from CreditWatch with negative implications, where they were placed on Aug. 8, 2011, and affirmed the ratings at 'AAA'. The outlook is stable. "The ratings reflect our opinion of substantial overcollateralization that exceeds 160% on the senior Class I bonds, high credit quality, and strong historical oversight and asset management of the properties in CHFA's portfolio," said Standard&Poor's credit analyst Lawrence Witte. We placed the rating on the bonds on CreditWatch with negative implications due to the high level of mortgage insurance and guarantees from entities
