Summary: Colorado Housing&Finance Authority; Single Family Whole Loan

S&P Global Ratings assigned its 'AAA/A-1' ratings to Colorado Housing and Finance Authority's (CHFA) series 2001 AA-2 and 2001 AA-3 single-family mortgage class I adjustable-rate bonds. At the same time, we affirmed the class I bond ratings in CHFA's single-family mortgage indenture. The outlook on all of the ratings is stable. The rating action reflects our opinion of new liquidity facilities in the form of standby letters of credit (SLOCs) provided by Sumitomo Mitsui Banking Corp., substituting for previous standby bond purchase agreements from the Bank of New York Mellon, effective June 8, 2016. The long-term component of the ratings on the series 2001 AA-2 and 2001 AA-3 bonds reflects our opinion of the: Substantial overcollateralization that exceeds 115% on

...S&P Global Ratings assigned its '###/A-1' ratings to Colorado Housing and Finance Authority's (CHFA) series 2001 ##-2 and 2001 ##-3 single-family mortgage class I adjustable-rate bonds. At the same time, we affirmed the class I bond ratings in CHFA's single-family mortgage indenture. The outlook on all of the ratings is stable. The rating action reflects our opinion of new liquidity facilities in the form of standby letters of credit (SLOCs) provided by Sumitomo Mitsui Banking Corp., substituting for previous standby bond purchase agreements from the Bank of New York Mellon, effective June 8, 2016. The long-term component of the ratings on the series 2001 ##-2 and 2001 ##-3 bonds reflects our opinion of the:...

Summary