Summary: Colorado Housing&Finance Authority; Multifamily Whole Loan

S&P Global Ratings assigned its 'AAA' long-term rating to Colorado Housing&Finance Authority's (CHFA) 2020 series A-1 and 2020 series A-2 multifamily/project class I fixed 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 loan performance within the

...S&P Global Ratings assigned its '###' long-term rating to Colorado Housing & Finance Authority's (CHFA) 2020 series A-1 and 2020 series A-2 multifamily/project class I fixed 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 loan performance within the bond program with only one loan delinquent 60 days or more; + The resolution's solid financial performance and strength as evidenced by the...

Summary