Standard&Poor's Ratings Services affirmed its 'AAA', and 'AA', long-term ratings on Colorado Housing and Finance Authority's (CHFA) class I and II multifamily project bonds. In addition, Standard&Poor's affirmed its 'A+' long-term rating and underlying rating (SPUR) on CHFA's class III multifamily project bonds. Finally, Standard&Poor's withdrew its ratings on CHFA's series 2007 A and 2007 A-1 bonds, because they have been redeemed. The ratings are based on the following factors: High quality of credit, based on 509 first mortgage loans for affordable multifamily properties and businesses in Colorado; Sufficient over-collateralization to maintain the ratings through bond maturity; Strong historical oversight and asset management by CHFA of the properties in its portfolio; and A debt
