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U.S. Public Finance Report Card: Military Housing Sector Rebounds After Two Turbulent Years Jul 11 Product Image

U.S. Public Finance Report Card: Military Housing Sector Rebounds After Two Turbulent Years Jul 11

  • ID: 1857727
  • July 2011
  • Region: United States
  • Standard & Poors

Abstract
The military housing sector remains strong, with 94% of ratings (weighted by par amount) in the 'AA' or 'A' categories, although this is a decrease from 99% in 2009 (see chart 1). Standard & Poor's Ratings Services believes that overall credit quality in the sector remains high, as evidenced by strong debt service coverage (DSC) ratios (see table 1), high occupancy levels, and good construction progress to date at most of our rated projects. We consider the majority of military bases where the housing units are located to be highly essential, with low risk of base closure. We are also comfortable with the development teams managing military housing privatizations, as many property developers and property managers have had several years...

Companies mentioned in this report are: Fort Carson Fam Hsg LLC,Camp Pendleton & Quantico Hsg, LLC,Belvoir Land LLC,Island Palm Comntys LLC,Fort Eustis/Fort Story Hsg LLC,Boyer Hill Military Hsg, L.C.,Atlantic Marine Corps Communities LLC,Aurora Military Hsg, LLC,Aurora Military Hsg II, LLC,Fort Benning Family Comntys , LLC,Fort Gordon Family Hsg LLC,AMC East Comntys LLC,Aberdeen Proving Ground Fam Hsg, LLC

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Fort Carson Fam Hsg LLC,Camp Pendleton & Quantico Hsg, LLC,Belvoir Land LLC,Island Palm Comntys LLC,Fort Eustis/Fort Story Hsg LLC,Boyer Hill Military Hsg, L.C.,Atlantic Marine Corps Communities LLC,Aurora Military Hsg, LLC,Aurora Military Hsg II, LLC,Fort Benning Family Comntys , LLC,Fort Gordon Family Hsg LLC,AMC East Comntys LLC,Aberdeen Proving Ground Fam Hsg, LLC

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