Fort Moore Family Communities LLC, Georgia; Military Housing

S&P Global Ratings revised its outlook to positive from stable and affirmed its 'A (sf)' long-term rating and underlying rating (SPUR) on Fort Moore Family Communities LLC, Ga. 's series 2006 class II military housing taxable revenue bonds. Also, S&P Global Ratings revised its outlook to positive from stable and affirmed its 'BBB+ (sf)' long-term rating and SPUR on Fort Moore Family Communities LLC's series 2006 class III military housing taxable revenue bonds. Finally, S&P Global Ratings affirmed its 'AA- (sf)' long-term rating, with a stable outlook, on Fort Moore Family Communities LLC's series 2006 class I military housing taxable revenue bonds. The positive outlook revision on the class II and class III bond ratings reflects our view that increasing

...+ S&P Global Ratings revised its outlook to positive from stable and affirmed its 'A (sf)' long-term rating and underlying rating (SPUR) on Fort Moore Family Communities LLC, Ga. 's series 2006 class II military housing taxable revenue bonds. + Also, S&P Global Ratings revised its outlook to positive from stable and affirmed its '###+ (sf)' long-term rating and SPUR on Fort Moore Family Communities LLC's series 2006 class III military housing taxable revenue bonds. + Finally, S&P Global Ratings affirmed its '##- (sf)' long-term rating, with a stable outlook, on Fort Moore Family Communities LLC's series 2006 class I military housing taxable revenue bonds. + The positive outlook revision on the class II and class III bond ratings reflects our view that increasing basic allowance for housing (BAH) rates could lead to another year of increased net revenues in 2024, improving debt service coverage under our coverage and liquidity analysis. If the base continues the trend of improved coverage...

Full Report