Standard&Poor's Ratings Services affirmed its 'AAA' long-term rating and underlying rating (SPUR) on the Colorado Housing and Finance Authority's (CHFA) Class I single-family mortgage bonds, its 'AA' long-term rating on the CHFA's Class II single-family mortgage bonds, and its 'A+' long-term rating on the CHFA's Class III single-family mortgage bonds. The outlook on the Class I and II bond ratings is stable, and the outlook on the Class III bond ratings is negative. The 'AAA' ratings on the CHFA's Class I single-family mortgage bonds reflect our opinion of: Substantial overcollateralization, which exceeds 113% on the senior Class I bonds; Extremely strong credit quality of the Federal Housing Authority (FHA)-insured, conventionally insured, other insured, and uninsured mortgage loans backing
