Summary: Colorado Housing&Finance Authority; Multifamily Whole Loan

S&P Global Ratings assigned its 'AAA/A-1+' rating to Colorado Housing&Finance Authority's (CHFA) 2019 series C federally taxable multifamily/project class I adjustable rate bonds. At the same time, we affirmed all long-term and various short-term ratings on debt outstanding under the multifamily/project resolution. The outlook, where applicable, is stable. The ratings reflect our view of the following: CHFA's experienced, proactive, and qualified senior management and very strong oversight of the resolution; Extremely strong 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 (172.6%) and class II (108.5%) bonds, respectively; Extremely strong performance of the loans

...S&P Global Ratings assigned its '###/A-1+' rating to Colorado Housing & Finance Authority's (CHFA) 2019 series C federally taxable multifamily/project class I adjustable rate bonds. At the same time, we affirmed all long-term and various short-term ratings on debt outstanding under the multifamily/project resolution. The outlook, where applicable, is stable. The ratings reflect our view of the following: + CHFA's experienced, proactive, and qualified senior management and very strong oversight of the resolution; + Extremely strong 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 (172.6%) and class II (108.5%) bonds, respectively; + Extremely strong performance of the loans within the bond program with only two loans delinquent 60 days or more; + The resolution's solid financial performance and strength as evidenced...

Summary