{"id":1004028377,"date":"2011-04-06T06:54:37","date_gmt":"2011-04-06T14:54:37","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004028377"},"modified":"2022-12-05T10:42:13","modified_gmt":"2022-12-05T18:42:13","slug":"strong-cash-flows-support-credit-profiles-for-private-correctional-firms","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/strong-cash-flows-support-credit-profiles-for-private-correctional-firms\/","title":{"rendered":"Strong Cash Flows Support Private Correctional Firms&#8217; Credit Profiles"},"content":{"rendered":"<p>By Jane Cotroneo, Analyst, Moody\u2019s Investors Service<\/p>\n<p><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/04\/Jane-Cotroneo.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004028378\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/strong-cash-flows-support-credit-profiles-for-private-correctional-firms\/moodys-analyst-name-unknown\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/04\/Jane-Cotroneo.jpg\" data-orig-size=\"432,648\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Brad Hamilton&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Moody&#039;s Analyst photographed at Moody&#039;s Headquarters, NYC, on March 22, 2011.&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a92011 Brad Hamilton Photography&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;Moody&#039;s Analyst (Name unknown)&quot;}\" data-image-title=\"Jane-Cotroneo\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/04\/Jane-Cotroneo.jpg?w=432\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/04\/Jane-Cotroneo.jpg\" alt=\"\" title=\"\" width=\"200\" height=\"300\" class=\"alignright size-medium wp-image-1004028378\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/04\/Jane-Cotroneo.jpg 432w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/04\/Jane-Cotroneo.jpg?resize=200,300 200w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/a><\/p>\n<p>Similar to REITs and real estate operating companies, private correctional companies have contractual revenues for their facilities, providing a steady stream of earnings. Unlike REITs, these companies are not required to pay a dividend.  Instead, they have chosen to invest their free cash flow into increasing their number of contracted beds.<\/p>\n<p>Over the last several years, the two private correctional companies that Moody\u2019s rates, Corrections Corp of America and The Geo Group have dramatically increased revenues, clearly enhancing their leadership in the industry. Corrections Corp\u2019s annualized revenues have grown to $1.7 billion from $1.3 billion in 2006 and Geo\u2019s to an estimated $1.6 billion from $744 million over the same time period.  They have accomplished this growth through significant development and expansion of facilities as well as industry consolidation.  <\/p>\n<p>Increased revenues have translated into greater cash flow, strengthened coverage ratios and improved margins. Geo\u2019s fully loaded fixed charge coverage has strengthened to 2.2x in 2010 from 1.5x in 2006 and CXW\u2019s has also improved to 2.5x from 2.3x.  Operating margins have been one rating focal point and have trended higher over the last few years. GEO\u2019s grew to 18.0 percent in 2010 from 13.1 percent and Corrections Corp\u2019s increased to 25.5 percent from 22.6 percent. Leverage is considered solid, typically ranging between 2.5x and 3.5x debt to earnings before interest, taxes, depreciation and amortization. Corrections Corp\u2019s improved to 2.7x in 2010 from 3.2x in 2006. Geo\u2019s leverage, though still considered good, jumped to 4.6x following its acquisition spree yet is expected to moderate back to its historical range over the next several quarters as the company applies cash from operations to pay down debt.<\/p>\n<p>Clients include federal, state and local governments as well as international entities. These clients have turned to U.S. private correctional companies to alleviate overcrowding at their own facilities as prison populations have swelled over the last few decades. Federal prisons are currently operating at 136 percent of capacity and are increasingly turning to the private correctional companies, who can quickly build facilities as needed. <\/p>\n<p>Demand for beds has been strong, however, some uncertainty lies ahead. While federal demand shows no signs of easing, state and local governments present a mixed picture. Statistics from 2008-2009 show 26 state governments reduced prison populations while 24 states increased them.  State policy-makers have looked to reduce prison populations through the early release of non-violent prisoners, and through programs to address the high rate of recidivism, which have had some success.<\/p>\n<p>Credit concerns for the industry currently center on government budget deficits as contracts could be cancelled or per diem usage reduced. So far such reductions have not been significant. Ongoing credit considerations also include the special purpose nature of prisons and limited re-use possibilities as well as the industry\u2019s vulnerability to shifts in public opinion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Jane Cotroneo, Moody&#8217;s Investors Service<\/p>\n<p>Similar to REITs and real estate operating companies, private correctional companies have contractual revenues for their facilities, providing a steady stream of earnings. Unlike REITs, these companies are not required to pay a dividend.  Instead, they have chosen to invest their free cash flow into increasing their number of contracted beds.<\/p>\n","protected":false},"author":936,"featured_media":1004028378,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37301],"tags":[],"class_list":["post-1004028377","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Strong Cash Flows Support Private Correctional Firms&#039; Credit Profiles - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/strong-cash-flows-support-credit-profiles-for-private-correctional-firms\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Strong Cash Flows Support Private Correctional Firms&#039; Credit Profiles\" \/>\n<meta property=\"og:description\" content=\"By Jane Cotroneo, Moody&#039;s Investors Service  Similar to REITs and real estate operating companies, private correctional companies have contractual revenues for their facilities, providing a steady stream of earnings. Unlike REITs, these companies are not required to pay a dividend. Instead, they have chosen to invest their free cash flow into increasing their number of contracted beds.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/strong-cash-flows-support-credit-profiles-for-private-correctional-firms\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2011-04-06T14:54:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-05T18:42:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/04\/Jane-Cotroneo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"432\" \/>\n\t<meta property=\"og:image:height\" content=\"648\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Allison Landa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/strong-cash-flows-support-credit-profiles-for-private-correctional-firms\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/strong-cash-flows-support-credit-profiles-for-private-correctional-firms\\\/\"},\"author\":{\"name\":\"Allison Landa\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/0eb45390ae3124c14a919b7ec7bd2249\"},\"headline\":\"Strong Cash Flows Support Private Correctional Firms&#8217; Credit Profiles\",\"datePublished\":\"2011-04-06T14:54:37+00:00\",\"dateModified\":\"2022-12-05T18:42:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/strong-cash-flows-support-credit-profiles-for-private-correctional-firms\\\/\"},\"wordCount\":476,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/strong-cash-flows-support-credit-profiles-for-private-correctional-firms\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2011\\\/04\\\/Jane-Cotroneo.jpg\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/strong-cash-flows-support-credit-profiles-for-private-correctional-firms\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/strong-cash-flows-support-credit-profiles-for-private-correctional-firms\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/strong-cash-flows-support-credit-profiles-for-private-correctional-firms\\\/\",\"name\":\"Strong Cash Flows Support Private Correctional Firms' Credit Profiles - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/strong-cash-flows-support-credit-profiles-for-private-correctional-firms\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/strong-cash-flows-support-credit-profiles-for-private-correctional-firms\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2011\\\/04\\\/Jane-Cotroneo.jpg\",\"datePublished\":\"2011-04-06T14:54:37+00:00\",\"dateModified\":\"2022-12-05T18:42:13+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/0eb45390ae3124c14a919b7ec7bd2249\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/strong-cash-flows-support-credit-profiles-for-private-correctional-firms\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/strong-cash-flows-support-credit-profiles-for-private-correctional-firms\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/strong-cash-flows-support-credit-profiles-for-private-correctional-firms\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2011\\\/04\\\/Jane-Cotroneo.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2011\\\/04\\\/Jane-Cotroneo.jpg\",\"width\":\"432\",\"height\":\"648\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/strong-cash-flows-support-credit-profiles-for-private-correctional-firms\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Strong Cash Flows Support Private Correctional Firms&#8217; Credit Profiles\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/0eb45390ae3124c14a919b7ec7bd2249\",\"name\":\"Allison Landa\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/1c0d6eca27abba0e62d2fd20a5e74bf2e8f124942225edf677a907fb2c5acef5?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/1c0d6eca27abba0e62d2fd20a5e74bf2e8f124942225edf677a907fb2c5acef5?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/1c0d6eca27abba0e62d2fd20a5e74bf2e8f124942225edf677a907fb2c5acef5?s=96&d=mm&r=g\",\"caption\":\"Allison Landa\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/allisonlanda\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Strong Cash Flows Support Private Correctional Firms' Credit Profiles - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/strong-cash-flows-support-credit-profiles-for-private-correctional-firms\/","og_locale":"en_US","og_type":"article","og_title":"Strong Cash Flows Support Private Correctional Firms' Credit Profiles","og_description":"By Jane Cotroneo, Moody's Investors Service  Similar to REITs and real estate operating companies, private correctional companies have contractual revenues for their facilities, providing a steady stream of earnings. Unlike REITs, these companies are not required to pay a dividend. Instead, they have chosen to invest their free cash flow into increasing their number of contracted beds.","og_url":"https:\/\/www.commercialsearch.com\/news\/strong-cash-flows-support-credit-profiles-for-private-correctional-firms\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2011-04-06T14:54:37+00:00","article_modified_time":"2022-12-05T18:42:13+00:00","og_image":[{"width":432,"height":648,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/04\/Jane-Cotroneo.jpg","type":"image\/jpeg"}],"author":"Allison Landa","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/strong-cash-flows-support-credit-profiles-for-private-correctional-firms\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/strong-cash-flows-support-credit-profiles-for-private-correctional-firms\/"},"author":{"name":"Allison Landa","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/0eb45390ae3124c14a919b7ec7bd2249"},"headline":"Strong Cash Flows Support Private Correctional Firms&#8217; Credit Profiles","datePublished":"2011-04-06T14:54:37+00:00","dateModified":"2022-12-05T18:42:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/strong-cash-flows-support-credit-profiles-for-private-correctional-firms\/"},"wordCount":476,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/strong-cash-flows-support-credit-profiles-for-private-correctional-firms\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/04\/Jane-Cotroneo.jpg","inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/strong-cash-flows-support-credit-profiles-for-private-correctional-firms\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/strong-cash-flows-support-credit-profiles-for-private-correctional-firms\/","url":"https:\/\/www.commercialsearch.com\/news\/strong-cash-flows-support-credit-profiles-for-private-correctional-firms\/","name":"Strong Cash Flows Support Private Correctional Firms' Credit Profiles - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/strong-cash-flows-support-credit-profiles-for-private-correctional-firms\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/strong-cash-flows-support-credit-profiles-for-private-correctional-firms\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/04\/Jane-Cotroneo.jpg","datePublished":"2011-04-06T14:54:37+00:00","dateModified":"2022-12-05T18:42:13+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/0eb45390ae3124c14a919b7ec7bd2249"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/strong-cash-flows-support-credit-profiles-for-private-correctional-firms\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/strong-cash-flows-support-credit-profiles-for-private-correctional-firms\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/strong-cash-flows-support-credit-profiles-for-private-correctional-firms\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/04\/Jane-Cotroneo.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/04\/Jane-Cotroneo.jpg","width":"432","height":"648"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/strong-cash-flows-support-credit-profiles-for-private-correctional-firms\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Strong Cash Flows Support Private Correctional Firms&#8217; Credit Profiles"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/0eb45390ae3124c14a919b7ec7bd2249","name":"Allison Landa","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/1c0d6eca27abba0e62d2fd20a5e74bf2e8f124942225edf677a907fb2c5acef5?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/1c0d6eca27abba0e62d2fd20a5e74bf2e8f124942225edf677a907fb2c5acef5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/1c0d6eca27abba0e62d2fd20a5e74bf2e8f124942225edf677a907fb2c5acef5?s=96&d=mm&r=g","caption":"Allison Landa"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/allisonlanda\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/04\/Jane-Cotroneo.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004028377","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/936"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004028377"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004028377\/revisions"}],"predecessor-version":[{"id":1004623313,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004028377\/revisions\/1004623313"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004028378"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004028377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004028377"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004028377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}