SAN FRANCISCO (Standard&Poor's CreditWire) July 9, 2001--Standard&Poor's today assigned its double-'A' rating to Colorado Housing and Finance Authority's (CHFA) $18 million taxable single-family program senior bonds series 2001C-1 and $41.54 million single-family program senior bonds series 2001C-2. In addition, Standard&Poors assigned its single-'A'-plus rating to CHFA's $2.34 million single-family program subordinate bonds series 2001C. The bonds are scheduled to sell July 10, 2001.The outlook is stable. The rating on the senior bonds is based upon: -- The very high quality of the mortgage collateral, which primarily consists of FHA-insured and VA-guaranteed mortgage loans; -- A conscientious and experienced state housing finance authority overseeing the performance of the loan portfolio; -- Various stressful cash flow
