SAN FRANCISCO (Standard&Poor's) Nov. 20, 2001--Standard&Poor's today revised the outlook on the Colorado Housing and Finance Authority (CHFA) to positive from stable. In addition, Standard&Poor's has affirmed its single-'A'-plus issuer credit rating on the authority, and has also affirmed its single-'A'-plus long-term rating on the authority's general obligation debt. The outlook revision and affirmations reflect: -- High profitability and earnings; -- High-quality assets and adequate equity position; -- Good financial and asset management; -- Average GO debt exposure; -- Strong and prudent authority management, and -- A strong, diversified, and growing state economy. CHFA's financial ratios have shown increased strength in the last fiscal year, particularly evidenced by high return on assets and return
