...June 28, 2023 SAN FRANCISCO (S&P Global Ratings) June 28, 2023--S&P Global Ratings raised its long-term rating to 'A-' from '###+' on Fort Huachuca-Yuma Proving Ground (YPG) Arizona Communities LLC's series 2009 military housing taxable revenue bonds. The outlook is stable. "The rating upgrade reflects a trend of improving debt service coverage over the last two fiscal years and anticipated for fiscal 2023, driven by material increases in basic allowance for housing rates," said S&P Global Ratings credit analyst Phillip Pena. The stable outlook reflects S&P Global Ratings' view that the project's good operating performance and market position, and essentiality of the bases supported by the project, will be maintained within the outlook period. The outlook also reflects our expectation that basic allowance for housing (BAH) increases will help to offset recent pressure to occupancy. We could lower the rating if the project experiences significant occupancy losses or unforeseen increases...
