S&P Global Ratings assigned its 'AA+/A-1+' rating to the Colorado Housing&Finance Authority's (CHFA) series 2022 G-2 single-family mortgage class II adjustable-rate bonds. The outlook is stable. The series 2022 G-2 bonds, with an expected par amount of $33.35 million, are being issued as variable-rate demand obligations and will receive enhancement in the form of a standby bond purchase agreement (SBPA) from Royal Bank of Canada. The 'AA+' long-term component of the rating reflects credit characteristics of CHFA's single-family mortgage bond (SFMB) resolution. The 'A-1+' short-term component of the rating reflects the liquidity facility in the form of a SBPA provided by Royal Bank of Canada, effective Aug. 23, 2022. The SBPA will cover principal and 187 days' interest
