Standard&Poor's Ratings Services affirmed its 'A+' issuer credit rating (ICR) on Colorado Housing and Finance Authority (CHFA), as well as the ratings on all debt supported by the authority's GO pledge. The affirmed ICR reflects CHFA's: Well-diversified and growing loan portfolio, which is characterized by strong insurance coverage and delinquency and foreclosure rates that are comparable with state averages; Strong and stable financial performance; Seasoned management team, with a demonstrated track record of achievement; Success in meeting its legislative mandate and maintaining a strong and positive relationship with the state government; and Colorado's growing and diverse economy. Offsetting the above strengths, CHFA has experienced high delinquencies and nonperforming assets (NPAs) for the past five years, which are higher
