PARKVILLE, MD---Oak Crest, the Erickson Living retirement community, announced that Fitch Ratings provided a "positive" rating outlook for the Baltimore County, Maryland series 2007A bonds issued on its behalf.
The report noted Oak Crest's strong financial profile, consistent debt service coverage and competitive service area as key rating drivers for its recent update.
It also highlighted "Oak Crest's consistently strong occupancy, successful marketing campaigns, large wait list and investment in its physical plant" as factors in doing well in the Baltimore region.
Fitch Ratings are forward-looking and include analysts' views on future performance. Ratings assigned by Fitch are opinions based on established criteria and methodologies that Fitch is continuously evaluating and updating.
More information regarding the Fitch Ratings report regarding Oak Crest Village, Inc. can be found here: http://reut.rs/19e46sb.
About Oak Crest: Oak Crest is one of sixteen continuing care retirement communities managed by Erickson Living. Located in Parkville, Maryland, the scenic 87-acre campus is home to more than 2,100 residents. Oak Crest is the ideal greater Baltimore retirement destination offering a true sense of community, convenience beyond compare and a sensible financial structure.