Standard&Poor's Ratings Services affirmed its 'AA' rating on Colorado Housing and Finance Authority's (CHFA) single-family program bonds, series 2000B, 2000C, 2000D, 2000E, 2001A, 2001B, and 2001C, reflecting: Strong and increasing asset-to-liability parity positions; The high credit quality of the mortgage loan collateral; Fully funded reserves assuring adequate liquidity; and Investments supporting the rating on the bonds. These strengths are offset by high delinquency and foreclosure rates for all of the above series. These high delinquency and foreclosure rates are mitigated by the substantial overcollateralization of each issue and strong oversight from CHFA. The rating on CHFA's single-family program bonds, series 1992A, was changed to 'NR' due to the redemption of those bonds. Bond series 2000B through 2001C, all
