TITLE

Royal Upgrade

AUTHOR(S)
Watts, Jim
PUB. DATE
November 2004
SOURCE
Bond Buyer;11/30/2004, Vol. 350 Issue 32019, p55
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
15256494

 

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