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

S&P Global Ratings assigned its 'AAA/A-1' rating to Colorado Housing&Finance Authority' s (CHFA) class I 2019 series B-2 single-family mortgage adjustable rate bonds. We also affirmed our ratings on CHFA's outstanding class I and class II bonds. The outlook, where applicable, is stable. The authority plans to issue class I fixed-rate 2019 series A, series B-1, and series C single-family mortgage bonds, which we have rated separately. More information about those series can be found here. The 2019 series B-2 bonds are being issued as variable-rate demand obligations and will receive enhancement in the form of a standby-bond purchase agreement (SBPA) from Barclays Bank PLC. The long-term component of the rating reflects CHFA's credit characteristics, which among other

...S&P Global Ratings assigned its '###/A-1' rating to Colorado Housing & Finance Authority' s (CHFA) class I 2019 series B-2 single-family mortgage adjustable rate bonds. We also affirmed our ratings on CHFA's outstanding class I and class II bonds. The outlook, where applicable, is stable. The authority plans to issue class I fixed-rate 2019 series A, series B-1, and series C single-family mortgage bonds, which we have rated separately. More information about those series can be found here. The 2019 series B-2 bonds are being issued as variable-rate demand obligations and will receive enhancement in the form of a standby-bond purchase agreement (SBPA) from Barclays Bank PLC. The long-term component of the rating reflects CHFA's credit characteristics, which among other things include substantial overcollateralization, a loan portfolio with strong credit quality, and experienced management. The 'A-1' short-term component of the rating reflects the liquidity facility in the form of a standby...

Summary