- Published: May 2012
Colorado Housing and Finance Authority; Multifamily Whole Loan Dec 10
- Published: December 2010
- Standard & Poors
Standard & Poor's Ratings Services affirmed its 'AAA' long-term rating on the Colorado Housing and Finance Authority's (CHFA) Class I multifamily project bonds and its 'AA' long-term rating on CHFA's Class II multifamily project bonds. The ratings are based on our view of CHFA's: High credit quality, based on 480 first mortgage loans for affordable multifamily properties and businesses in Colorado; Sufficient overcollateralization to maintain the ratings through bond maturity; Strong historical oversight and asset management of the properties in its portfolio; and Debt service reserve funded at a minimum of eight months of maximum loan principal and interest on all insured loans, and 12 months of principal and interest on uninsured loans. The bond program included 480 loans as...
Companies mentioned in this report are: Colorado Hsg & Fin Auth
Action: Outlook Revised
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.
Research Type: Full Analysis
SHOW LESS READ MORE >
Colorado Hsg & Fin Auth
|Electronic||The report will be emailed to you.|