NEW YORK (Standard&Poor's) June 5, 2012--Standard&Poor's Ratings Services raised its long-term ratings on HP Communities LLC's military housing revenue bonds series 2008A, 2008B, and 2008C to 'AA- (sf)', 'A- (sf)', and 'BBB+ (sf)' from 'A- (sf)', 'BB+ (sf)', and 'BB (sf)', respectively. The outlook is stable. "The upgrade reflects 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 Standard&Poor's credit analyst Ki Beom Park. Partly offsetting the above-mentioned strengths is our view of no increase in average basic allowance for housing rates for Little Rock, Hanscom, and Patrick AFB. Upon stabilization,
