Fitch Ratings Affirms “A” Grade to Oak Crest Village, Inc. Bonds

Parkville, Maryland—Oak Crest Village, Inc., (OCV) the Erickson Living retirement community, announced that Fitch Ratings affirmed its “A” grade for the Baltimore County, Maryland series 2007A bonds issued on its behalf.

The report noted Oak Crest’s solid financial profile, above median liquidity and cycle of capital spending as key rating drivers for its “A” affirmation.  

It also described the community’s “ongoing marketing campaigns, large wait list and investment in plant” as factors for the competitive performance of Oak Crest in the Baltimore region.  The report stated that “Fitch views the high occupancy (of Oak Crest) as a major credit strength.”

Oak Crest has finished the first component of a three-phase capital plan.  This initial phase included a major information technology project in which Wi-Fi was installed throughout the 87-acre campus. 

Fitch Ratings are forward-looking and include analysts’ views on future performance.  All Fitch credit ratings are subject to certain limitations and disclaimers which can be found at http://fitchratings.com/UNDERSTANDINGCREDITRATINGS.

About Oak Crest:  Oak Crest is one of nineteen 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.