SAN FRANCISCO (Standard&Poor's) Feb. 22, 2012--Standard&Poor's Ratings Services revised its rating outlook on HP Communities LLC, Colo.'s series 2008B and 2008C military housing revenue bonds to stable from negative. At the same time, Standard&Poor's affirmed its 'A-' long-term rating on HP Communities' series 2008A military housing revenue bonds, its 'BB+' long-term rating on HP Communities' series 2008B bonds, and its 'BB' long-term rating on HP Communities' series 2008C bonds. The outlook on all ratings is stable. "The outlook revision and ratings reflect our view of improved debt service coverage, the moderate-to-high essentiality of various air force bases in the project area, improved occupancy at the bases, and timely construction at all the bases," said
