Research Update: Colorado Housing&Finance Authority 2025 Series I Class I Multifamily Project Bonds Rated 'AAA'; Outlook Is Stable

S&P Global Ratings assigned its 'AAA' long-term rating to the Colorado Housing&Finance Authority 's (CHFA) 2025 series I class I multifamily project bonds (MFPBs; Vina Senior Residences), with an expected par of $23.3 million. At the same time, we affirmed our 'AAA', 'AA+', ?AA? long-term ratings on CHFA's class I, class II, and class III bonds, respectively, in addition to our 'AAA/A-1+' and 'AA+/A-1+' dual ratings on the authority's adjustable-rate class I and II bonds outstanding, respectively. The outlook, where applicable, is stable. Bonds issued under the MFPB master trust indenture (MTI), dated March 1, 2000, as amended, are secured by and payable from all the authority's rights to, and interest in, the revenues, assets, and moneys pledged

...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 No modifier Stand-alone credit profile SACP ### ##+ ## Other applicable criteria ### no cap no cap Final Final rating ### ##+ ## N/A--Not applicable....

Research Update