S&P Global Ratings assigned its 'AAA' long-term rating to Colorado Housing&Finance Authority's (CHFA) 2020 series B multifamily/project class I fixed rate bonds, issued under the multifamily resolution. 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. CHFA's multifamily/project bond resolution was established pursuant to a master indenture of trust dated March 1, 2000, and all outstanding bonds in the indenture are on a parity basis within the respective classes. The bonds are special obligations of CHFA, secured by all program revenues and assets as defined by the indenture. We have reviewed consolidated cash flows run under a variety of stress scenarios, with
