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Summary: Colorado Housing and Finance Authority; General Obligation; Single Family Whole Loan Apr 11
Standard & Poors, April 2011
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
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
Colorado Hsg & Fin Auth