S&P: Resident Owned Parks Inc., CA Series 2017A&C Mobile Home Park Bonds Rating Placed On CreditWatch Negative

S&P Global Ratings placed its 'A-' long-term rating on California Municipal Finance Authority's series 2017A and 2017C mobile home park senior revenue refunding bonds, issued for Resident Owned Parks Inc. for its Windsor Mobile Country Club project on CreditWatch with negative implications.

"The CreditWatch placement follows our attempts to obtain timely information to maintain our rating on the securities in accordance with our applicable criteria and policies," said S&P Global Ratings credit analyst Adam Torres.

Among other items, we are seeking updated occupancy rates in order to determine the project's operating performance.

We could take a negative rating action if we do not receive sufficient information within 90 days.
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