Royal Upgrade

Watts, Jim
November 2004
Bond Buyer;11/30/2004, Vol. 350 Issue 32019, p55
Trade Publication
The article reports on financial matters in Arizona. Fitch Ratings has upgraded the underlying rating on $20.5 million tiff Royal Oaks' Series 2002 variable demands bonds to A from BBB-plus with a stable outlook. The bonds are supported by a letter of credit from LaSalle Bank NA. LaSalle Bank NA, Proceeds from the bonds, issued by the Arizona Health Facilities Authority, financed Royal Oaks' Life Care Community Project in Sun City, which consists of 59 assisted-Iiving units, 24 independent-living units, a life enrichment center, and parking structure.


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