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AMC East Communities LLC; Military Housing Jan 12 Product Image

AMC East Communities LLC; Military Housing Jan 12

  • Published: January 2012
  • Standard & Poors

FEATURED COMPANIES

Abstract
Standard & Poor's Ratings Services affirmed its 'AA (sf)' and 'AA- (sf)' long-term ratings on AMC East Communities LLC, Del.'s class I and class II military housing taxable revenue bonds series 2007A, respectively, issued for the AMC East military housing privatization project. The outlook is stable. The ratings reflect our opinion of the following factors: The very strong quality of the assets supporting the bonds, including a revenue stream derived from the federally appropriated basic allowance for housing (BAH), as demonstrated by demand for military and multifamily housing at the bases, and the high quality of the real estate collateral supporting the bonds; The project's financial strength, as evidenced by debt service coverage (DSC) ratios of 1.37x on the class...

Companies mentioned in this report are: AMC East Comntys LLC
Action: Affirmed

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AMC East Comntys LLC

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