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ACTS Retirement-Life Communities
S&P Affirms BBB+ Rating of ACTS Retirement-Life Communities Citing Strong Demand and Operating Stability
January 9th, 2009
ACTS Retirement-Life Communities, Inc., the not-for-profit leader in life care retirement living, announced that Standard & Poor's has affirmed its 'BBB+' credit rating with an outlook of stable. The ratings reflect the view that demand for ACTS communities will continue to remain strong despite some recent pressure caused by the current financial market environment. According to Standard & Poor's, the triple-B+ rating affirmation and Stable Outlook are based on ACTS' strong organizational structure; excellent governance and management; good dispersion of operating and financial risk as evidenced by its portfolio of continuing care retirement communities (CCRCs) in six...
Source: Health Business Week (2009-01-09)
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