Summary: Colorado Housing and Finance Authority; Multifamily Whole Loan; Single Family Whole Loan Dec 11
- Language: English
- Published: December 2011
- Region: Colorado
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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Standard & Poor's Ratings Services affirmed its 'AAA' long-term rating and underlying rating (SPUR) on the Colorado Housing and Finance Authority's (CHFA) Class I single-family mortgage bonds, its 'AA' long-term rating on the CHFA's Class II single-family mortgage bonds, and its 'A+' long-term rating on the CHFA's Class III single-family mortgage bonds. The outlook on the Class I and II bond ratings is stable, and the outlook on the Class III bond ratings is negative. The 'AAA' ratings on the CHFA's Class I single-family mortgage bonds reflect our opinion of: Substantial overcollateralization, which exceeds 113% on the senior Class I bonds; Extremely strong credit quality of the Federal Housing Authority (FHA)-insured, conventionally insured, other insured, and uninsured mortgage loans backing...
Companies mentioned in this report are: Colorado Hsg & Fin Auth
Action: Outlook: Negative
Action: Outlook: Stable
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