Fitch Ratings (Fitch) has affirmed its ”˜A”™ rating on revenue bonds issued on behalf of the Miriam Osborn Memorial Home Association (The Osborn). The rating indicates high-credit quality maintained by the facility, a nonprofit continuum of care retirement community based on a 56-acre campus in Rye.
“We are very proud of this excellent rating, especially in light of the current challenging economic times,” said Matthew Anderson, president and CEO of The Osborn. “Throughout our 100-plus-year history, we have been committed to providing a safe, engaged and active lifestyle for our residents, as well as exemplary care for those who require it, while maintaining our financial stability.”
Fitch is a leading provider of credit ratings, commentary and research. According to Fitch, The Osborn has maintained very strong occupancy for more than a decade. “”¦the stable outlook reflects Fitch”™s expectation that The Osborn will successfully navigate the current operating environment.”
