(Editor's Note: This release is being republished to provide a link to a spreadsheet listing all of the affected CUSIPs. Please see below)
FARMERS BRANCH (S&P Global Ratings) April 15, 2020--S&P Global Ratings today added its under criteria observation (UCO) identifier to certain U.S rental housing bond transactions. These ratings have the "UCO" label in the Regulatory Identifier column on the individual transaction pages of S&P Global Ratings online credit rating products. The UCO identifier indicates a rating that could be affected by a published change in criteria (see "Standard & Poor's Announces "Under Criteria Observation" Identifier For Ratings Potentially Affected By Criteria Changes," published May 7, 2013).
On April 15, 2020, we published our "Methodology For Rating U.S. Public Finance Rental Housing Bonds." The criteria became effective immediately upon publication.
The UCO identifier will remain in place until the conclusion of the review under the changed criteria for all of the affected ratings, at which time the ratings may be affirmed, changed, or placed on CreditWatch. The UCO identifier does not modify any rating definition, nor is it equivalent to a CreditWatch placement. S&P Global Ratings expects to review the ratings identified as UCO within six months of the criteria's effective date.
Entities With Ratings Placed Under Criteria Observation |
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4-K Housing, Inc., TX Affordable Housing Stoney Brook Acquisition |
4-K Housing, Inc., TX Affordable Housing Stoney Brook Acquisition 2nd Lien |
4-K Housing, Inc., TX Affordable Housing Stoney Brook Acquisition 3rd Lien |
Aberdeen Proving Ground Fam Hsg, LLC, MD Military Housing |
Affordable Hsg America, GA Affordable Housing Magnolia Terrace Apts |
Agape Beauvoir Manor Inc, TX Section 8 Affordable Housing Beauvoir Manor Apts |
AMC East Comntys LLC, DE Military Housing MacDill AFB & Andrews AFB |
AMC East Comntys LLC, DE Military Housing MacDill AFB & Andrews AFB 2nd Lien |
American Agape Foundn, Inc., TX Section 8 Affordable Housing |
American Agape Foundn, Inc., TX Section 8 Affordable Housing 2nd Lien |
Assisted Living Foundation of America, CA Section 8 Affordable Housing Central Alabama Portfolio Proj |
Assisted Living Foundation of America, CA Section 8 Affordable Housing Kings Daughters Court |
Assisted Living Foundation of America, CA Section 8 Affordable Housing Parkway Villa Apts |
Assisted Living Foundation of America, CA Section 8 Affordable Housing Parkway Villa Apts 2nd Lien |
Atlantic Hsg Fndn Inc., TX Affordable Housing 2nd Lien |
Balfour Beatty Communities, PA Military Housing AMC West |
Banyan Foundation, Inc (The), NC Section 8 Affordable Housing Citrus Grove and East Winds Apts |
Bethesda Foundation, CO Affordable Housing Bethesda Projects |
Bethesda Foundation, CO Affordable Housing Bethesda Projects 2nd Lien |
California Housing Finance Agency CA Affordable Housing Securitization Series 2019-2 |
California Municipal Finance Authority, CA Affordable Housing Windsor Mobile Country Club |
California Statewide Communities Dev Auth, CA Section 8 Affordable Housing Casa Grande Apts |
California Statewide Communities Dev Auth, CA Section 8 Affordable Housing Inglewood Gardens Apts |
Canton II, Inc, TX Affordable Housing The Inn At Patios Proj |
Canton II, Inc, TX Affordable Housing The inn At Patios Proj 2nd Lien |
Capmark Military Hsg Tr XXXIV, DE Military Housing Soaring Heights Communities |
Caritas Acquisitions I, LLC, CA Affordable Housing Caritas MHP Proj |
Carver Gardens, LLC, FL Section 8 Affordable Housing |
CHC Trestletree LLC, GA Section 8 Affordable Housing Steele Properties, LLC |
Chisom Hsg Grp, WA Section 8 Affordable Housing CHG Hsg Pool Proj |
Christian Care Mesa II, Inc, AZ Affordable Housing 2014A Christian Care Mesa II |
Christian Care Retirement Apartments, Inc., AZ Affordable Housing 2016 Proj |
Corvias Military Living, LLC, RI Military Housing Fort Sill |
Covenant Communities, Inc, WI Affordable Housing Covenant Communities Inc Proj 2nd Lien |
Covenant Communities, Inc, WI Affordable Housing Covenant Communties Inc Proj |
Creative Choice Homes VII, LTD, FL Section 8 Affordable Housing Coral Gardens |
Dogwood Hsg, Inc., MD Section 8 Affordable Housing Southeast Portfolio Proj |
Dogwood Hsg, Inc., MD Section 8 Affordable Housing Southeast Portfolio Proj 2nd Lien |
Emerald Coast Hsg II Inc., FL Affordable Housing Captains Quarters Proj |
Fort Benning Family Comntys, LLC, GA Military Housing |
Fort Benning Family Comntys, LLC, GA Military Housing 2nd Lien |
Fort Benning Family Comntys, LLC, GA Military Housing 3rd Lien |
Fort Huachuca-YPG Arizona comntys LLC, AZ Military Housing |
Fort Irwin Land, LLC, CA Military Housing Fort Irwin/Moffet/Parks |
Fort Irwin Land, LLC, CA Military Housing Fort Irwin/Moffet/Parks 2nd Lien |
Fort Irwin Land, LLC, CA Military Housing Fort Irwin/Moffet/Parks 3rd Lien |
GMAC Commercial Military Hsg Tr XXI, TX Military Housing Fort Bliss/White Sands Missile Range |
GMH Military Housing - Navy Northeast LLC, PA Military Housing 2nd Lien |
Great Lakes Senior Communities IL Affordable Housing Great Lakes Senior Living Communities First Tier |
Great Lakes Senior Communities IL Affordable Housing Great Lakes Senior Living Communities SecondTier |
Great Lakes Senior Communities IL Affordable Housing Great Lakes Senior Living Communities Third Tier |
H-Bay Ministries, Inc., TX Affordable Housing Superior Residences Proj |
H-Bay Ministries, Inc., TX Affordable Housing Superior Residences Proj 2nd Lien |
Housing Preservation, Inc., TN Section 8 Affordable Housing Hellenic Tower senior Apts |
IAVF Timber Oaks LLC, IL Affordable Housing Prairie View & Timber Oaks Apts |
IAVF Timber Oaks LLC, IL Affordable Housing Prairie View & Timber Oaks Apts 2nd Lien |
Impact Funding LLC, CA Affordable Housing 2010 Pass Through Indenture |
Impact Funding LLC, CA Affordable Housing 2010 Pass Through Indenture 2nd Lien |
Impact Funding LLC, CA Affordable Housing 2010 Pass Through Indenture 3rd Lien |
Impact Funding LLC, CA Affordable Housing 2010 Pass Through Indenture 4th Lien |
Impact Funding LLC, CA Affordable Housing 2010 Pass Through Indenture 5th Lien |
Impact Funding LLC, CA Affordable Housing 2010 Pass Through Indenture 6th Lien |
Impact Funding LLC, CA Affordable Housing 2010 Pass Through Indenture 7th Lien |
Impact Funding LLC, CA Affordable Housing 2014-1 Pass Through Indenture |
Impact Funding LLC, CA Affordable Housing 2014-1 Pass Through Indenture 2nd Lien |
Impact Funding LLC, CA Affordable Housing 2014-1 Pass Through Indenture 3rd Lien |
Impact Funding LLC, CA Affordable Housing 2014-1 Pass Through Indenture 4th Lien |
Impact Funding LLC, CA Affordable Housing 2014-1 Pass Through Indenture 5th Lien |
Impact Funding LLC, CA Affordable Housing 2014-1 Pass Through Indenture 6th Lien |
Independent Cities Fin Auth, CA Affordable Housing Rancho Vallecitos Mobile Estates |
Intercontinental Affordable Hsg, Inc, CA Section 8 Affordable Housing Casa Griffin Apts |
Knox Hills LLC, KY Military Housing Fort Knox |
Knox Hills LLC, KY Military Housing Fort Knox 2nd Lien |
Leading Life Senior Living, Inc., TX Autumn Leaves Proj Affordable Housing 2nd Lien |
Leading Life Senior Living, Inc., TX Autumn Leaves Proj Affordable Housing Autumn Leaves Proj |
Leonard Wood Fam Comntys, LLC, MO Military Housing |
Leonard Wood Fam Comntys, LLC, MO Military Housing 2nd Lien |
Leonard Wood Fam Comntys, LLC, MO Military Housing 3rd Lien |
Midwest Fam Hsg, LLC, IL Military Housing |
Midwest Fam Hsg, LLC, IL Military Housing 2nd Lien |
Midwest Fam Hsg, LLC, IL Military Housing 3rd Lien |
Midwest Fam Hsg, LLC, IL Military Housing 4th Lien |
Minnesota Attainable Hsg Corp, MN Section 8 Affordable Housing Crossroads Square And Camelot Apts |
Minnesota Attainable Hsg Corp, MN Section 8 Affordable Housing Crossroads Square And Camelot Apts 2nd Lien |
Minnesota Senior Living, LLC, MN Affordable Housing Senior Living Proj |
Minnesota Senior Living, LLC, MN Affordable Housing Senior Living Proj 2nd Lien |
Minnesota Senior Living, LLC, MN Affordable Housing Senior Living Proj 3rd Lien |
Monterey Cnty Hsg Auth, CA Affordable Housing 1999A Parkside/Casanova |
Monterey Cnty Hsg Auth, CA Affordable Housing 1999A Parkside/Casanova 2nd Lien |
National Finance Authority 1st Lien Series 2020-1 |
North Augusta Afford Hsg LLC & Pickens Afford Hsg LLC, SC Section 8 Affordable Housing North Augusta Gardens & Pickens Gardens Apts |
North Pointe Affordable Housing LLC, SC Section 8 Affordable Housing North Pointe Estates |
Orange Cnty Hsg Fin Auth, FL Affordable Housing 1995A HANDS Pool |
Orange Cnty Hsg Fin Auth, FL Affordable Housing 1998C Green Gables |
PF Holdings, LLC, NJ Section 8 Affordable Housing Brinton Manor Apts and Brinton Towers Proj |
Pima Cnty Indl Dev Auth, AZ Affordable Housing 2017 Christian Care Tucson |
Public Fin Auth, WI Section 8 Affordable Housing RHA Hsg Proj |
Quality Senior Housing Foundation of East Texas Inc., TX. Affordable Housing - Longview, Athens and WInnsboro Communities |
Quality Senior Housing Foundation of East Texas Inc., TX. Affordable Housing - Longview, Athens and WInnsboro Communities |
Quality Senior Housing Foundation of East Texas Inc., TX. Affordable Housing - Longview, Athens and WInnsboro Communities |
Quality Senior Housing Foundation, Inc., GA Affordable Housing Sanders Glen Proj |
RHA Affordable Hsg II, Inc., GA Section 8 Affordable Housing Winston Summit & Columbia Meadows Apts |
Southeast Affordable Preservation, Inc., CA Section 8 Affordable Housing Utah Portfolio Proj |
Trinity Affordable Hsg Corp, IL Affordable Housing Dorchester Place Apts |
Tulsa Pythian Manor, Inc., GA Section 8 Affordable Housing Pythian Manor Apts |
Univ Plaza Associates, PA Section 8 Affordable Housing University Square Apts |
Univ Plaza Associates, PA Section 8 Affordable Housing University Square Apts 2nd Lien |
Vacaville Redev Agy, CA Affordable Housing 2000A Vacaville Comnty Hsg |
VB Wilikina LP, HI Section 8 Affordable Housing Wilikina Apts |
West Point Housing LLC, NY Military Housing |
An Excel workbook with a list of CUSIPS can be downloaded here: https://www.standardandpoors.com/pt_LA/web/guest/article/-/view/sourceId/100043544
This report does not constitute a rating action.
S&P Global Ratings, part of S&P Global Inc. (NYSE: SPGI), is the world's leading provider of independent credit risk research. We publish more than a million credit ratings on debt issued by sovereign, municipal, corporate and financial sector entities. With over 1,400 credit analysts in 26 countries, and more than 150 years' experience of assessing credit risk, we offer a unique combination of global coverage and local insight. Our research and opinions about relative credit risk provide market participants with information that helps to support the growth of transparent, liquid debt markets worldwide.
Primary Credit Analyst: | James M Breeding, New York + 1 (214) 871 1407; james.breeding@spglobal.com |
Secondary Contact: | Joan H Monaghan, Centennial + 1 (303) 721 4401; Joan.Monaghan@spglobal.com |
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