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 G-2 (Federally Taxable) 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 series 2019 F class I fixed-rate and series 2019 G-1 single-family mortgage bonds, which we have rated separately. More information about those series can be found here. The 2019 Series G-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. The short-term component

...S&P Global Ratings assigned its '###/A-1' rating to Colorado Housing & Finance Authority's (CHFA) class I 2019 series G-2 (Federally Taxable) 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 series 2019 F class I fixed-rate and series 2019 G-1 single-family mortgage bonds, which we have rated separately. More information about those series can be found here. The 2019 Series G-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. The short-term component of the rating reflects the liquidity facility in the form of a standby bond purchase agreement (SBPA) provided by Barclays Bank PLC, effective June 12, 2019. The SBPA will cover principal and 187 days'...

Summary