Bangkok--6 Jan--Standard & Poor's
Standard & Poor's Ratings Services corrected and reinstated its 'AAA/A-1' rating on Colorado Housing and Finance Authority's single-family mortgage, Class I adjustable-rate bonds, 2001 series AA-3. The rating on the 2001 AA-3 bonds was withdrawn on April 28, 2006, due to an administrative error. Standard & Poor's also assigned its 'AAA/A-1' rating to the authority's single-family mortgage, Class I adjustable-rate bonds, 2001 series AA-1 and AA-2. The 2001 AA-1 and AA-2 bonds were not individually labeled when the rating was assigned to the 2001 AA series on Sept. 29, 2001, due to an administrative error. The long-term rating on all these series of bonds reflects support from the authority's single-family mortgage bond program, and the short-term rating is based on a standby bond purchase agreement from Landesbank Hessen-Thueringen Girozentrale (A-1). The outlook on all long-term ratings is stable.
Complete ratings information is available to RatingsDirect on the Global Credit Portal subscribers at www.globalcreditportal.com and RatingsDirect subscribers at www.ratingsdirect.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:
Ana Sandoval, New York (1) 212-438-5095,
[email protected]
Analyst Contacts:
Lawrence Witte, San Francisco (1) 415-371-5037
Karen Fitzgerald, San Francisco (1) 415-371-5023