The long-term rating upgrade to 'AAA' from 'AA-' on the Colorado Housing and Finance Authority's $8.4 million and $5.5 million series 1985 bonds, issued for Woodstream Village Apartments and Cambray Park Apartments, is based on replacement of the credit enhancement on both series of bonds. The short-term rating on the bonds remains at 'A-1+'. The bank letters of credit (LOCs) that have backed the bonds since closing in 1985 are replaced with Fannie Mae direct-pay credit enhancement facilities on the substitution date of February 16, 2001. The credit facilities will remain in place until five days following maturity of the bonds, on February 6, 2031. Both series of bonds were issued in 1985 to fund two loans to two separate
