Research Update: Colorado Housing And Finance Authority Class I 2025 Series O-1 Assigned ?AAA? Rating

S&P Global Ratings assigned its 'AAA' long-term rating to the Colorado Housing&Finance Authority's (CHFA) class I 2025 series O-1 (taxable) single family mortgage bonds with an expected par amount of $200.48 million. At the same time, we affirmed our 'AAA', 'AA+', and 'AA' long-term ratings on the authority's class I, class II, and class III bonds, respectively, as well as our various dual ratings ('AAA/A-1+' and 'AAA/A-1' for class I, and 'AA+/A-1+' and 'AA+/A-1' for class II) on bonds outstanding under the SFMB indenture. The outlook, where applicable, is stable. Bonds issued within the SFMB program, including the 2025 series O-1 bonds, are issued by the authority pursuant to a master trust indenture (MTI), dated Oct. 1, 2001,

...MRB Program Rating Summary Class I Class II Class III Legal framework No cap No cap No cap Program management and operational risk No cap No cap No cap Cash flow analysis Overcollateralization ### ### ##+ Stressed cash flows ### ### ### Hedging risk No cap No cap No cap HFA general obligation pledge N/A N/A ##- Anchor Anchor ### ### ##+ Modifiers and holistic analysis Liquidity reserves No modifier No modifier No modifier Market position No modifier No modifier No modifier Holistic analysis No modifier -1 notch -1 notch Stand-alone credit profile SACP ### ##+ ## Other applicable criteria ### N/A N/A Final Final rating ### ##+ ## N/A--Not applicable....

Research Update