Standard&Poor's Ratings Services assigned its 'AAA' long-term rating to the Colorado Housing and Finance Authority's (CHFA) series 2012 A Class I multifamily project bonds. Standard&Poor's also affirmed its 'AAA' long-term rating on the previously issued Class I bonds and its 'AA' long-term rating on the previously issued Class II bonds under the bond resolution. The outlook on all ratings is stable. The ratings on the Class I and Class II bonds are based on our view of CHFA's: Extremely strong overcollateralization on the Class I bonds and very strong overcollateralization that exceeds 162% on the Class II bonds and 110% on the Class I and Class II bonds; High credit quality, based on 448 first mortgage
