New York, April 24, 2015 -- Moody's has upgraded the underlying ratings of Island Palm Communities LLC (IPC) (formerly known as Army Hawaii Family Housing LLC) Trust Certificates, Series 2005 Classes I, II and, III to Aa3, A3 and Baa2 from A1, Baa1 and Baa3 respectively. The outlook on all Classes of bonds is stable. The rating action affects $1,145.0 million of Class I debt, $250.0 million of Class II debt, and $202.5 of Class III debt.

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