Standard&Poor's Ratings Services raised its long-term rating to 'A' from 'A-' on HP Communities LLC, Colo.'s military housing revenue bonds series 2008B and to 'A-' from 'BBB+' on HP Communities' military housing revenue bonds series 2008C. Standard&Poor's also affirmed its 'AA-' long-term rating on the military housing revenue bonds bonds series 2008A. The outlook is stable. The rating action reflects our view of the following strengths: Strong debt service coverage (DSC) on the series 2008A, 2008B, and 2008C bonds, based on audited financial statements for fiscal year ended Dec. 31, 2013; High essentiality of Little Rock Air Force Base (AFB), Patrick AFB, and Moody AFB, and moderate-to-high essentiality of Hanscom AFB; Increase in the average basic
