Colorado Housing Finance Authority's (CHFA) single family mortgage program bonds, series 1984 A, rating is based on the special redemption of about $36.8 million of bonds on Jan. 12, 1995. CHFA is selling a portion of the mortgage loans at par and using those proceeds as well as other funds under the resolution to redeem bonds. The rating is affirmed based upon a board resolution pledging CHFA's full faith and credit to the bonds. Currently, CHFA has approximately $20.00 million of liquid funds available to pay the bonds on their tender date of Dec. 1, 1995. In the event that these funds should fall to a level below $3.00 million CHFA has represented to S&P that the authority would then
