Credit Rating Upgrade for CalHFA

S&P has announced that it has changed the outlook on CalHFA's Issuer Credit Rating from negative to stable. Additionally, S&P gave a 4-notch upgrade to CalHFA's Multifamily Bond rating from A- to AA, and the outlook was changed from negative to stable. This reflects all the hard work staff has done over the past four years to improve CalHFA's balance sheet.

For questions about this announcement, contact CalHFA Financing by phone 916.326.8651 or by email at BAnderson@calhfa.ca.gov. You can always visit CalHFA's web site at: www.calhfa.ca.gov.