|
|
 |
|
Viewing report
|
|
|
|
AMC East Communities LLC; Military Housing Jan 12
Standard & Poors, Jan 2012
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
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
|
|
|
|
