Fitch: US Military Housing Bonds Face Long-Term Pressure

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NEW YORK--(BUSINESS WIRE)--The decline in US Army personnel may become a long-term risk for military housing bonds (MHB), Fitch Ratings says. However, the planned 8% reduction (approximately 40,000 US Army staff) announced last week will not present a short-term risk as only five installations involved in the plan secure Fitch-rated MHB. The plan will affect 30 Army installations. There are 25 bases throughout the military branches that secure Fitch rated bonds, but only five are on the list pl

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