Joint Base Elmendorf-Richardson, AK's Series 2011A Military Housing Revenue Bonds Assigned 'A+' Rating; Outlook Stable Jun 11
- ID: 1829272
- June 2011
- Standard & Poors
SAN FRANCISCO (Standard & Poor's) June 17, 2011--Standard & Poor's Ratings Services assigned its 'A+' long-term rating to Aurora Military Housing III LLC, Alaska's $155 million series 2011A military housing revenue bonds on behalf of the Joint Base Elmendorf-Richardson (JBER) Housing Privatization Project. The outlook is stable. "The rating reflects such factors as JBER's high military essentiality as host to three Air Force wings and two Army brigades, the project's strong asset quality, and its financial strength," said Standard & Poor's credit analyst Lawrence Witte. We understand that bond proceeds will fund the construction, renovation, and demolition of 1,240 family housing units at JBER in Anchorage, Alaska. The stable outlook reflects our assessment of the revenue stream's strength, the real...
Companies mentioned in this report are: Joint Base Elmendorf Richardson,Aurora Military Housing III, LLC
Action: New Rating
Action: Outlook: Stable
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