We are thrilled to share that Fitch Ratings has recently reaffirmed the A- bond rating for Presbyterian Retirement Communities. This excellent investment-grade rating highlights our unwavering commitment to the responsible management of our resources, guided by our Mission. We are proud to continue being a reliable and strong partner for the future for residents, their families and our team members.
According to Fitch Ratings, the strength of Westminster Communities of Florida lies in its solid operating principles and well-diversified portfolio of communities. Fitch wrote, “The ‘A-‘ ratings reflect the expected resilience of (Westminster Communities of Florida’s) financial profile through Fitch’s forward-looking scenario analysis, given the life plan community (LPC) provider’s robust business profile. This profile is characterized by (Westminster Communities of Florida’s) strong revenue defensibility as a multi-campus, regionally diverse LPC, and its sound operating and capital metrics.”
To read the full press release, click here: https://www.fitchratings.com/research/us-public-finance/fitch-affirms-presbyterian-retirement-communities-og-fl-at-a-stable-outlook-13-01-2025
