Standard&Poor's Ratings Services affirmed its 'AA (sf)' rating on Fort Benning Family Communities LLC's series 2006 class I and class II taxable military housing revenue bonds, and its 'AA- (sf)' rating on Fort Benning Family Communities' series 2006 class III bonds. The ratings are also removed from CreditWatch, where they were placed with developing implications on July 14, 2014. These bonds are issued for the Fort Benning housing privatization project. The outlook is stable. These actions reflect application of our affordable multifamily housing criteria released June 19, 2014. More specifically, the ratings reflect our view of: Very strong debt service coverage (DSC) of 4.38x, 2.60x, and 1.77x maximum annual debt service (MADS) on the class I, II, and
