NY -- Standard&Poor's CreditWire 6/2/98 – Standard&Poor's today assigned its double-'A' rating to Colorado Housing Financing Authority's multifamily housing insurance mortgage revenue bonds taxable series 1998A-1 and nontaxable 1998A-2, both dated June 1, 1998. The bonds are scheduled to sell June 2, 1998. In addition, Standard&Poor's affirmed its double-'A' rating on the authority's $391.8 million multifamily FHA insured mortgage bonds and $934 million taxable multifamily housing FHA insured mortgage bonds. The outlook is positive. The rating reflects the strength of the FHA-insured mortgage loans as evidenced by the strong performance of the consolidated cash flows, sufficient reserve levels, good investments, and strong oversight of the resolution by CHFA. The positive outlook reflects the expected
