bonds

Eighteen CCRCs Impacted by Fitch Ratings Update

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Last week I wrote about Fitch Ratings updates to their non-profit CCRC rating criteria.  The expectation with the changes was that twelve percent of the rated CCRCs could be subject to Under Criteria Observation (UCO). What has occurred as a result of Fitch Ratings Update is that eighteen CCRCs have been impacted, falling under UCO.  … Read more

Fitch Non-Profit CCRC Ratings Update

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Fitch Ratings has completed updates to its ratings criteria for not-for-profit continuing care retirement/life plan communities (CCRCs), enhancing the reflection of the risk profile for these rated entities. These changes come after a period of commentary on a draft released earlier this spring. The criteria modifications aim to more accurately represent the distinct risks associated … Read more