Harford County, Maryland Aberdeen Proving Ground Family Housing LLC; Military Housing Jan 12
Standard & Poors, January 2012
Abstract
Standard & Poor's Ratings Services affirmed its 'A' long-term rating on Harford County, Md.'s (Aberdeen Proving Ground Family Housing LLC) taxable military family housing revenue bonds series 2009. The outlook is negative. The rating reflects our opinion of the following strengths of the base: High military essentiality of Aberdeen Proving Ground (APG) Communities; Improved occupancy of 84% at the project for the nine-month period ending Sept. 2011; Average increase in basic allowance for housing (BAH) of 4% at the Aberdeen base in 2011; and Addition of civilian personnel to the base, as well the project scope designed accommodate the decline in military personnel assigned to the installation. However, the above-mentioned strengths are offset by our view of the following weaknesses:...
Companies mentioned in this report are:
- Aberdeen Proving Ground Fam Hsg, LLC
- Harford Cnty
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
- Aberdeen Proving Ground Fam Hsg, LLC
- Harford Cnty
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