NEW YORK (Standard&Poor's) Aug. 16, 2011--Standard&Poor's Ratings Services raised its long–term ratings on Colorado Housing&Finance Corp. and Utah Housing Corp.'s various housing issues to 'AAA' from 'AA+' to reflect the underlying rating (SPUR) on the single-family whole loan bond programs. The ratings were also placed on CreditWatch with negative implications based on our opinion of the bonds' reliance on mortgage insurance and guarantees from the United States federal government. For further information, see "Ratings On Certain Public Finance Debt Issues With FHA Mortgage Guarantees Are Placed on Watch Neg after U.S. Downgrade," published Aug. 2, 2011, on RatingsDirect on the Global Credit Portal. The rating actions were taken on the following issues: Colorado Housing
