Fort Huachuca-Yuma Proving Ground Arizona Communities LLC; Military Housing Nov 11
- ID: 2025681
- November 2011
- Region: Arizona
- Standard & Poors
Standard & Poor's Ratings Services affirmed its 'AA-' long-term rating on Fort Huachuca-Yuma Proving Ground Arizona Communities LLC's taxable military housing revenue bonds series 2009. The outlook is stable. The rating reflects our view of the following strengths: The project's very strong asset quality, including a federally appropriated revenue stream, high and stable occupancy, continued demand for the privatized units despite ongoing deployment of troops, and above-average real estate quality; The project's financial strength as demonstrated by debt service coverage (DSC) of 1.38x, based on 2010 financial data, with higher coverage projected for 2011; and The high military essentiality of Fort Huachuca and Yuma Proving Ground Communities; and. Good construction progress to date. The rating also reflects our view the...
Companies mentioned in this report are: Fort Huachuca-YPG Arizona comntys LLC
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