Bangkok--30 Sep--Standard & Poor's
Standard & Poor's Ratings Services revised its outlook to stable from negative and affirmed its 'AA+/A-1+' rating on Colorado Housing Finance Authority's (CHFA) series 2002AA bonds. At the same time, Standard & Poor's affirmed its 'AA+' long-term and underlying rating (SPUR) on CHFA's multifamily housing insured mortgage revenue bonds, series 1996A through 2002AA. The affirmed ratings are in anticipation of $5 million withdrawal from the trust estate in October 2011.
"The revised outlook reflects that of the bond program," said Standard & Poor's credit analyst Lawrence Witte.
RELATED CRITERIA AND RESEARCH
USPF Criteria: Housing Finance Agencies, June 14, 2007
USPF Criteria: Affordable Multifamily Housing Pooled Financings, June 13, 2007
USPF Criteria: Assumptions: Update to Cash Flow Analysis for Public Finance Housing Bonds, March 3, 2009
RMBS Criteria: U.S. Interest Rate Assumptions Revised For September 2011, Aug. 24, 2011
Complete ratings information is available to subscribers of RatingsDirect on the Global Credit Portal at www.globalcreditportal.com. All ratings affected by this rating action can be found on Standard & Poor's public Web site at www.standardandpoors.com. Use the Ratings search box located in the left column.
Media Contact:
Ola Fadahunsi, New York (1) 212-438-5095,
[email protected]
Analyst Contacts:
Lawrence Witte, San Francisco (1) 415-371-5037
Moraa Andima, New York (1) 212-438-2734