The Acts Obligated Group was once again awarded an A- credit rating from Fitch Ratings, one of the nation’s most recognized and respected credit rating agencies. This prestigious rating highlights important fiscal strengths of Acts:
- Strong financial performance
- Improved operating profitability
- Strong overall occupancy across the organization
- Sound management practices
"Having this excellent rating from Fitch is important because it sends a message of confidence to our residents, our future residents and the investment community about our financial health and management practices," said Karen Christiansen, Acts Executive Vice President & CFO. “Maintaining a strong credit rating also helps keep interest rates as low as possible for long-term borrowing and provides access to ongoing capital for campus improvements so we can meet our mission to continue enhancing the quality of life for all our residents.”
The A- rating from Fitch places Acts among the top five percent of senior living communities nationwide for financial health and stability. Click here for the full report.
*The Acts Obligated Group excludes Acts affiliate communities Park Pointe Village, Heron Point and Westminster Village, which operate as separate legal entities of Acts.