Standard & Poor’s issues positive outlook for The Oaks of Clearwater bonds

Standard & Poor’s Rating Services revised its outlook from stable to positive on the Pinellas County Health Facilities Authority series 2004 revenue bonds issued for The Oaks of Clearwater senior living project. The rating services also affirmed its ‘A’ long-term rating on the issue, according to a written statement. The outlook is based on strong demand as reflected in The Oaks occupancy, strong project management and ownership and low loan-to-value ratio. Built in 1977 on a 5-acre campus…