Research Update: Colorado Housing&Finance Authority's Class I 2025 SFMBs Rated 'AAA', Class III 2025 Bonds Rated 'AA'; Outlook Stable

S&P Global Ratings assigned its 'AAA' long-term rating to the Colorado Housing&Finance Authority 's (CHFA) class I 2025 series I and series K-1 single-family mortgage bonds (SFMBs) with an expected par amount of $92.57 million. At the same time, we assigned our 'AA' rating to the authority?s class III 2025 series J bonds, with an expected par amount of $60 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

...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...

Research Update