Standard&Poor's Ratings Services assigned its 'AAA' long-term rating to the Colorado Housing&Finance Authority's (CHFA) series 2012 B Class I multifamily project bonds. In addition, Standard&Poor's affirmed its 'AAA' long-term rating on the previously issued Class I bonds and its 'AA' long-term rating on the previously issued Class II bonds under the bond resolution. The outlook on all ratings is stable. The ratings on the Class I and Class II bonds are based on our view of CHFA's: Extremely strong overcollateralization on the Class I bonds, which exceeds 162%, and very strong overcollateralization on the Class II bonds, as well as 110% on the Class I and Class II bonds together; High credit quality, based
