NEW YORK (Standard&Poor's CreditWire) July 20, 1999-- Standard&Poor's today affirmed its triple-'A'/'A-1'-plus rating on nine Colorado Housing and Finance Authority multifamily housing revenue bonds. (See table) The ratings on the series 1996A through 1996I bonds are affirmed based on the strength of the Fannie Mae collateral agreements backing the bonds. Each project is separately collateralized; assets from one project are not used to cover liabilities on any other. All issues affirmed have short-term investments commensurate with their ratings. In addition, all series exhibit asset-to-liability parity above 100%. The Fannie Mae collateral agreements provide credit and liquidity support for each transaction. Under the collateral agreement, Fannie Mae is obligated to make regularly scheduled mortgage payments prior to
