Standard&Poor's Ratings Services raised its ratings on 17 military housing issues due to the relative strength of the federal appropriations process for the revenue stream supporting military housing transactions. In addition, Standard&Poor's placed its ratings on 37 issues on CreditWatch with positive implications pending receipt and review of 2006 financial information. "We believe that the risk associated with debt supported by the federal government and nonproject specific appropriated revenues for long-standing Congressionally approved programs is less than debt supported by project specific revenues and this risk profile should be reflected in the assignment of the rating," said Standard&Poor's credit analyst Tabare Borbon. While only bonds that are secured by the full faith and credit
