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

S&P Global Ratings assigned its 'AAA' long-term rating to the Colorado Housing&Finance Authority's (CHFA) 2019 series I-1 class I bonds and its 'A+' long-term rating to CHFA's 2019 series H single-family mortgage class III bonds. In addition, CHFA plans to issue class I 2019 series I-2 adjustable rate single-family mortgage bonds, secured by the open indenture and a liquidity facility from Royal Bank of Canada, which we will rate separately from this transaction. Finally, we affirmed our 'AAA' and 'AA' long-term ratings and various short-term ratings on all existing class I and class II bonds, respectively, under the indenture. Where applicable, the outlook is stable. The ratings reflect our opinion of the indenture's following strengths: Substantial overcollateralization, as

...S&P Global Ratings assigned its '###' long-term rating to the Colorado Housing & Finance Authority's (CHFA) 2019 series I-1 class I bonds and its 'A+' long-term rating to CHFA's 2019 series H single-family mortgage class III bonds. In addition, CHFA plans to issue class I 2019 series I-2 adjustable rate single-family mortgage bonds, secured by the open indenture and a liquidity facility from Royal Bank of Canada, which we will rate separately from this transaction. Finally, we affirmed our '###' and '##' long-term ratings and various short-term ratings on all existing class I and class II bonds, respectively, under the indenture. Where applicable, the outlook is stable. The ratings reflect our opinion of the indenture's following strengths: + Substantial overcollateralization, as evidenced by class I, II, and III asset-to-liability parities that never fall below 117.3%, 108.9%, and 107.9%, respectively, in any stress run, according to the authority's consolidated cash flows with a basis...

Summary