S&P Global Ratings assigned its 'AAA/A-1+' dual rating to Colorado Housing and Finance Authority (CHFA)'s anticipated $24.46 million series 2025K multi-family mortgage class I adjustable-rate bonds. The outlook is stable. Bonds issued within the multi-family mortgage bond (MFMB) program, including the series 2025K, are issued by the authority pursuant to a master trust indenture (MTI), dated March 1, 2000, as amended, and are secured by and payable from all the authority's rights to, and interest in, the revenues, assets, and moneys pledged under the MTI. Specifically, obligations are secured by the revenues, loans, and funds held in the debt service reserve fund (DSRF), the revenue fund, and the other funds and accounts under the MTI--collectively, the trust estate--with each class
