Standard&Poor's Ratings Services affirmed its 'AAA/A-1+' rating on Colorado Housing&Finance Authority's series 1998 multifamily revenue refunding bonds (Winridge Project). The bonds are backed by a mortgage loan that is secured by a Fannie Mae collateral agreement. The 'AAA' rating reflects the likelihood bondholders will receive debt service payments. The 'A-1+' rating reflects the likelihood of payment for ongoing optional and mandatory tenders. Other rating factors are: The extremely high credit quality, of the Fannie Mae collateral agreement, which is considered to be 'AAA' eligible; The sufficiency of revenues from mortgage debt service payments and investment earnings to pay full and timely debt service on the bonds until maturity; Extremely strong investment quality; and An asset-to-liability ratio
