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 C-1, C-2, and D-1 multifamily/project class I fixed rate bonds (non-AMT). In addition, the authority plans to issue class I 2020 series D-2 adjustable rate multifamily/project bonds, secured by the open indenture and a liquidity facility from The Federal Home Loan Bank of Topeka, which we will rate separately from this transaction. 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. According to preliminary transaction documents, the 2020 series C and series D bonds (the bonds) will be issued with a par amount of $73.08 million and

...S&P Global Ratings assigned its '###' long-term rating to Colorado Housing & Finance Authority's (CHFA) 2020 series C-1, C-2, and D-1 multifamily/project class I fixed rate bonds (non-AMT). In addition, the authority plans to issue class I 2020 series D-2 adjustable rate multifamily/project bonds, secured by the open indenture and a liquidity facility from The Federal Home Loan Bank of Topeka, which we will rate separately from this transaction. 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. According to preliminary transaction documents, the 2020 series C and series D bonds (the bonds) will be issued with a par amount of $73.08 million and will bear interest at fixed rates as detailed in the official statement. Interest on the bonds will be payable on each April 1 and Oct. 1, starting on April 1, 2021. Proceeds of the bonds, along with other available funds,...

Summary