Moody's gives Aa2/VMIG1 to Colorado housing bonds

Moody's Investors Service said it assigned an Aa2/VMIG1 rating to $165.565 million 2008 series B class II taxable adjustable-rate bonds issued by the Colorado Housing and Finance Authority. The outlook is stable.

Proceeds will refund previously issued class II and class III 2006 series B-1 and B-2 taxable, adjustable-rate bonds issued for the Fort Carson Housing, LLC Project, as well as the 2007 series A-1 and A-2 class I and class II adjustable-rate bonds issued for the Air Force Academy Military Communities, LLC Project.

The VMIG1 short-term rating reflects the ability of Federal Home Loan Bank of Topeka, as the provider of the initial liquidity facility, to provide timely payments of the purchase price.

Moody's also affirmed its Aaa rating of $587.455 million outstanding parity class I bonds, the Aa2 rating of $260.735 million outstanding parity class II bonds and its A1 rating of $32.725 million outstanding parity class III bonds.

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