New Orleans Navy Housing LLC, Louisiana; Military Housing Dec 11

  • ID: 2028522
  • December 2011
  • Region: Louisiana
  • Standard & Poors
1 of 3


  • New Orleans Navy Hsg, LLC
  • MORE

Standard & Poor's Ratings Services assigned its 'AA' rating to New Orleans Navy Housing LLC, La.'s taxable military housing refunding revenue bonds, series 2012, issued for the Naval Complex New Orleans Family Housing Project. The rating reflects our view of the following strengths: No construction risk, as construction of the project was completed in 2003. The very strong quality of the assets supporting the bonds, including a revenue stream derived from the federally appropriated basic allowance for housing (BAH), demonstrated demand for military housing at the base, and the high quality of the real estate collateral supporting the bonds; The project's high degree of financial strength, as evidenced by our projections of strong net operating income (NOI) sufficient to cover...

Companies mentioned in this report are: New Orleans Navy Hsg, LLC
Action: New Rating

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 users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Full Analysis

Note: Product cover images may vary from those shown
2 of 3

New Orleans Navy Hsg, LLC

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown




Our Clients

  • Fluidigm Corporation
  • Apple, Inc.
  • CEVA Santé Animale
  • Abbott Laboratories Ltd.
  • Merck Group
  • Allergan Inc.
  • Pfizer Inc.