The 'A+' issuer credit rating and long-term ratings on Colorado Housing and Finance Authority's (HFA) are based upon the following factors: 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, evidenced particularly by a high ROA and ROE, very low nonperforming assets (NPAs), and good equity levels. Management continues to seek out ways to improve financial strength while continuing to meet the authority's mandate of providing access to affordable housing to low- and moderate-income state residents. Colorado's diversified and growing economy has contributed to strong
