• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Fort Huachuca-Yuma Proving Ground Arizona Communities LLC; Military Housing Nov 11 Product Image

Fort Huachuca-Yuma Proving Ground Arizona Communities LLC; Military Housing Nov 11

  • Published: November 2011
  • Region: Arizona
  • Standard & Poors

Abstract
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
Action: Affirmed

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 READ MORE >

Fort Huachuca-YPG Arizona comntys LLC

Note: Product cover images may vary from those shown

RELATED PRODUCTS