Standard&Poor's Ratings Services affirmed its 'AA' long-term rating on the Colorado Housing and Finance Authority's (CHFA) single-family program senior bonds, series 2000E. The outlook is stable. The rating reflects our view of: Strong asset-to-liability parity positions exceeding 118% in all cases; The high credit quality of the mortgage loan collateral; Fully funded reserves assuring adequate liquidity; and Investments supporting the rating on the bonds. Partly offsetting these strengths is our view of relatively high delinquency and foreclosure rates. The substantial overcollateralization mitigates these high delinquency and foreclosure rates. Asset-to-liability parity is 118% for the series 2000E, and reserves, calculated in accordance with our criteria, are 7.4%. Reserves are fully funded and enable the bond program to maintain at
