S&P Global Ratings assigned its ?AAA/A-1+? dual rating to Colorado Housing and Finance Authority ?s (CHFA) $62.4 million series 2025 L-2 single-family mortgage class I adjustable-rate bonds. The outlook is stable. The series 2025 L-2 bonds are being issued as variable-rate demand obligations and will receive enhancement in the form of a standby-bond purchase agreement (SBPA) from Federal Home Loan Bank of Topeka. The ?AAA? long-term component of the rating reflects CHFA's credit characteristics. The ?A-1+? short-term component of the rating reflects the liquidity facility in the form of an SBPA provided by Federal Home Loan Bank of Topeka, effective Aug. 13, 2025. The SBPA will cover principal and 186 days? interest at a maximum 10% annual rate for the
