Posted on 07/02/2008 1:38:18 AM PDT by TigerLikesRooster
Fitch Places Military Housing Transactions on Rating Watch Negative
NEW YORK, Jun 30, 2008 (BUSINESS WIRE) ----Fitch is placing the following military housing transaction ratings, with surety bonds from MBIA and AMBAC, on Rating Watch Negative:
--Pacific Beacon LLC (CA: 23.08, -0.01, -0.04%) Military Housing (San Diego) 2006 Series A Class I 'AAA', II 'AA' & III 'A'; MBIA surety bond;
--Ohana Military Communities, LLC (HI: 22.58, +1.18, +5.51%) Military Housing Revenue Bonds (Marine Corps Hawaii Housing Privatization Project) 2007 Series A Class I 'AA'& II 'A'; MBIA surety bond;
--Ohana Military Communities, LLC (HI: 22.58, +1.18, +5.51%) Military Housing Revenue Bonds (Navy Hawaii Housing Privatization Project) 2006 Series A Class I 'AA'; MBIA surety bond;
--Ohana Military Communities, LLC (HI: 22.58, +1.18, +5.51%) Military Housing Revenue Bonds (Marine Corps Hawaii Housing Privatization Project) 2006 Series B Class I 'AA'; MBIA surety bond;
--Hampton Roads PPV, LLC Military Housing Taxable Revenue Bonds (Hampton Roads Unaccompanied Housing Project) 2007 Series A Class I 'AA', II 'A' & III 'BBB'; AMBAC surety bond.
(Excerpt) Read more at foxbusiness.com ...
Ping!
And....Are these privatized military housing? did the civilian companies that have taken over most housing, let their credit go bad?
Time to go back to the tried and true military housing again.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.