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

S&P Global Ratings raised its short-term rating to 'A-1+' from 'A-1' on the Colorado Housing&Finance Authority's (CHFA's) series 2001 AA-2 single family mortgage class I adjustable-rate bonds. The long-term component of the rating remains unchanged. The long-term component of the rating continues to reflect the rating on CHFA's credit characteristics. The short-term component of the rating reflects the new liquidity facility in the form of standby bond purchase agreement (SBPA) from Royal Bank of Canada, acting through its New York branch, substituting for an existing standby letter of credit provided by Sumitomo Mitsui Banking Corp., effective June 2, 2021. The new SBPA covers the purchase price of unremarketed tendered bonds, including up to 187 days interest at a

...S&P Global Ratings raised its short-term rating to 'A-1+' from 'A-1' on the Colorado Housing & Finance Authority's (CHFA's) series 2001 ##-2 single family mortgage class I adjustable-rate bonds. The long-term component of the rating remains unchanged. The long-term component of the rating continues to reflect the rating on CHFA's credit characteristics. The short-term component of the rating reflects the new liquidity facility in the form of standby bond purchase agreement (SBPA) from Royal Bank of Canada, acting through its New York branch, substituting for an existing standby letter of credit provided by Sumitomo Mitsui Banking Corp., effective June 2, 2021. The new SBPA covers the purchase price of unremarketed tendered bonds, including up to 187 days interest at a maximum 10% annual rate. The SBPA covers bonds in the weekly interest-rate mode. The new SBPA is scheduled to expire June 2, 2026, unless extended or terminated beforehand pursuant to its terms. Upon expiration, unless an...

Summary