- Language: English
- 78 Pages
- Published: May 2012
- Region: United Kingdom
Shell Point Village, Fla. 'BBB-' Ratings Affirmed; Outlook Stable Sep 04
- Published: September 2004
- Standard & Poors
NEW YORK (Standard & Poor's) Sept. 10, 2004--Standard & Poor's Ratings Services said it affirmed its 'BBB-' underlying rating (SPUR) on Lee County Industrial Development Authority, Fla.'s series 1999B and series 2002A variable-rate demand health care facilities revenue bonds, issued for Shell Point Village (SPV), a life-care-based continuing-care retirement community (CCRC) located in Fort Myers, Fla. In addition, Standard & Poor's affirmed its 'BBB-' standard long-term rating on the authority's series 1999 A and C health care facilities revenue bonds, issued for SPV. The outlook is stable. "The rating affirmation reflects SPV's excellent management; its strong market position and utilization as Florida's largest CCRC; Lee County's strong economy ('A+' GO rating) and demographic trends; and adequate financial performance, with 2.1x...
Companies mentioned in this report are: Shell Point,Lee Cnty Indl Dev Auth
Action: Outlook: Stable
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Research type: News
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Shell Point,Lee Cnty Indl Dev Auth