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Bragg Housing LLC; Military Housing
Standard & Poors, May 2011
Abstract
Standard & Poor's Ratings Services assigned its 'AA-' long-term rating, and stable outlook, to Bragg Housing LLC for its $464 million series 2011A certificates. The rating reflects our opinion of the following: High military essentiality of Fort Bragg, the U.S. military's largest and busiest military complex in the world: Fort Bragg hosts America's only airborne corps and airborne division, the 'Green Berets' of the Special Operations Command, and the Army's largest support command, the 82nd Airborne Division soldiers; Strong asset quality composed of the federally appropriated revenue stream, the demand for high-quality military family housing on base, and the anticipated quality of the end-state units, in addition to high occupancy in the units of 96%; The project's financial strength as...
Companies mentioned in this report are: Bragg Communities, LLC,Picerne Military Housing
Action: New Rating
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
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