Massachusetts Development Finance Agency Carleton-Willard Village; Long Term Care Jun 12
Standard & Poors, June 2012
Abstract
Standard & Poor's Ratings Services has affirmed its 'A-' long-term rating on Massachusetts Development Finance Agency's remaining $16.8 million on its series 2010 revenue bonds, issued for Carleton-Willard Village (CWV). CWV holds a strong business position in its local market, as reflected in its high occupancy levels. CWV has reported modest operating losses for several years, along with an adequate balance of liquidity and a light amount of debt for the rating. We believe that these trends will continue, with only modest unit construction growth that management has planned for over several years. The 'A-' rating reflects our assessment of CWV's: Very strong demand with a 94% average occupancy for all levels of service in the fiscal year ended Dec....
Companies mentioned in this report are:
- Carleton Willard Village
- Massachusetts Development Finance Agency
Action: Affirmed
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
- Carleton Willard Village
- Massachusetts Development Finance Agency
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW4
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
