S&P Global Ratings assigned its 'AAA' long-term rating to the Colorado Housing&Finance Authority's (CHFA) 2025 series A and B class I multifamily project bonds (MFPBs; Hughes Station). At the same time, we affirmed our 'AAA' and 'AA+' long-term ratings on CHFA's class I and II bonds, respectively, in addition to our 'AAA/A-1+' and 'AA+/A-1+' dual ratings on the authority's adjustable-rate class I and II bonds outstanding, respectively. The outlook, where applicable, is stable. Bonds issued under the MFPB master trust indenture (MTI), dated March 1, 2000, as amended, are secured by and payable from all the authority's rights and interest in and to the revenue, assets, and moneys pledged under the MTI. Specifically, obligations are secured by the
