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Fitch Affirms $173MM Forest City Southern Group, LLC Class I Bonds 'AA-'; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'AA-' rating on the Forest City Southern Group, LLC. (SGLLC), Taxable Military Housing Revenue Class I Bonds which includes the following two series: $127.9 million - 2011 Series A-1 bonds; $ 45.0 million - 2011 Series A-2 bonds. The Rating Outlook is Stable. SECURITY The security for the rating is all rental receipts of the project. Those receipts are predominantly derived from the basic allowance for housing (BAH) after payment of oper

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