NEW YORK (Standard&Poor's CreditWire) July 21, 1999 – Standard&Poor's today raised its rating on eight of Colorado Housing and Finance Authority's outstanding single-family program bonds. (See table) Standard&Poor's also affirmed its double-'A'-plus ratings on four of the authority's outstanding single-family program bonds. (See table) The ratings on the authority's bonds reflects: -- Very strong asset-to-liability parity positions, -- The very high credit quality of the mortgage loan collateral, -- Fully funded reserves assuring adequate liquidity, -- Delinquency and foreclosure rates in line with Mortgage Bankers Association (MBA) statistics, and -- Investments supporting the ratings on the bonds. All bond series reviewed continue to perform well since their last review in 1997. Excess assets over
