-- Charlotte-based Crescent Holdings LLC is a privately-held real estate
development company that primarily develops and sells residential lots,
multifamily communities, land holdings, and to a lesser extent, commercial
buildings.
-- We assigned a 'B' corporate credit rating to Crescent and its
subsidiaries and co-issuers Crescent Resources LLC and Crescent Ventures Inc.
reflecting the company's transaction-dependent business, whereby a significant
portion of revenues is
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