We’re pleased to announce that Fitch Ratings recently reaffirmed Westminster Communities of Florida’s A- bond rating, an excellent investment-grade rating that is a reflection of our commitment to good stewardship of our resources, as inspired by our Mission. In these challenging times, we’re proud to say a Westminster community is still a strong partner for the future for residents and their families and team members.
In the view of Fitch Ratings, Westminster’s strength is having sound operating principles and a diverse portfolio of communities. Fitch wrote, “The ‘A-‘ rating reflects the expected resilience of (Westminster Communities of Florida’s) financial profile through Fitch’s forward-looking scenario analysis, given its robust business profile, which is characterized by very strong revenue defensibility as a multi-campus, regionally diverse life plan community (LPC), and sound operating and capital metrics.”
View the entire press release below.
