Standard&Poor's Ratings Services affirmed its 'AAA' long-term rating on the Colorado Housing and Finance Authority's (CHFA) Class I multifamily project bonds, its 'AA' long-term rating on CHFA's Class II multifamily project bonds, and its 'A+' rating on CHFA's Class III multifamily project bonds. The Class I bond rating is on CreditWatch with negative implications as a result of the reliance of some of the loans on Federal Housing Administration (FHA) loan guarantees. The support of FHA is based on the rating on the United States of America (AA+/Negative). The outlook on the Class II bond rating is stable, and the outlook on the Class III bond rating is negative. The affirmation reflects a withdrawal of $5.5 million from
