Additionally, S&P raised the long-term rating on the finance authority’s series 2009B and 2009D bonds to “AAA” from “AA+,” and affirmed the “AA+/A-1” rating on its series 2009C bonds.
“The rating action reflects our view of Parkview’s strategic direction, which sustains the leading market position that has grown over the years,” said S&P Global Ratings credit analyst Brian Williamson.
The outlook is stable, reflecting S&P’s expectation that Parkview will invest capital and remain a leader in the industry.
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