...S&P Global Ratings assigned its '###/A-1+; rating to Colorado Housing & Finance Authority's (CHFA) 2020 series D-2 federally taxable multifamily/project class I adjustable rate bonds. The outlook is stable. The 2020 series D-2 bonds are being issued as variable-rate demand obligations, with a preliminary par amount of $30.7 million, and will receive enhancement in the form of a standby-bond purchase agreement (SBPA) from Federal Home Loan Bank of Topeka. The '###' long-term component of the rating reflects CHFA's credit characteristics. The 'A-1+' short-term component of the rating reflects the liquidity facility in the form of a SBPA provided by Federal Home Loan Bank of Topeka, effective Oct. 1, 2020. The SBPA will cover principal and 186 days' interests at a maximum 12% annual rate for the purchase price of bonds that are not successfully remarketed. The SBPA provides coverage for the bonds during the weekly, daily and term mode (covered modes). The SBPA is due to expire on Sept. 29,...
