Summary: Colorado Housing&Finance Authority; Multifamily Whole Loan

S&P Global Ratings assigned its 'AAA' long-term ratings to Colorado Housing&Finance Authority's (CHFA) class I bonds, series 2019A-1, 2019A-2, 2019A-3, 2019B-1, and 2019B-2. At the same time, we affirmed all long-term and various short-term ratings on all the authority's debt outstanding under the multifamily/project resolution. The outlook, where applicable, is stable. The rating reflects our view of the following: CHFA's experienced, proactive, and qualified senior management and very strong oversight of the resolution; Extremely high loss coverage, based on the resolution's very strong overcollateralization as evidenced by asset to liability parities after adjusting for S&P calculated losses commensurate with the 'AAA' and 'AA+' ratings for the class I (219.4%) and class II (122.7%) bonds, respectively; Extremely strong performance

...S&P Global Ratings assigned its '###' long-term ratings to Colorado Housing & Finance Authority's (CHFA) class I bonds, series 2019A-1, 2019A-2, 2019A-3, 2019B-1, and 2019B-2. At the same time, we affirmed all long-term and various short-term ratings on all the authority's debt outstanding under the multifamily/project resolution. The outlook, where applicable, is stable. The rating reflects our view of the following: + CHFA's experienced, proactive, and qualified senior management and very strong oversight of the resolution; + Extremely high loss coverage, based on the resolution's very strong overcollateralization as evidenced by asset to liability parities after adjusting for S&P calculated losses commensurate with the '###' and '##+' ratings for the class I (219.4%) and class II (122.7%) bonds, respectively; + Extremely strong performance of the loans within the bond program with only one loan delinquent 60 days or more; + The resolution's solid financial performance and strength as...

Summary