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Fort Carson Family Housing LLC 1999 Bond Rating Lowered To 'AA (sf)' Jul 12
Standard & Poors, July 2012
NEW YORK (Standard & Poor's) July 13, 2012--Standard & Poor's Ratings Services lowered its underlying rating (SPUR) on Fort Carson Family Housing LLC, Colo.'s class I military housing revenue bonds series 1999 to 'AA (sf)' from 'AA+ (sf)'. The outlook is stable. "The downgrade was triggered by the lowering of the rating cap on military housing deals to 'AA' from 'AA+' following the release of our criteria," said Standard & Poor's credit analyst Renee J. Berson. (See "U.S. Federal Future Flow Securitization Methodology," published March 12, 2012.) The rating reflects our view of the following: Strong debt service coverage ratios of 2.30x on the class I bonds, based on 2011 financial data; High military essentiality of the bases served by...
Companies mentioned in this report are: Fort Carson Fam Hsg LLC
Action: Outlook: Stable
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Research type: News
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Fort Carson Fam Hsg LLC