From the RiverWoods Group CFO, Kevin Goyette:

In 2024, FitchRatings reaffirmed RiverWoods Exeter’s A- credit rating, and maintained a Stable outlook. Given the headwinds the organization has faced over the past two years, we are very pleased with the results. As noted in the attached press release, “The ‘A-‘ rating is supported by RiverWoods at Exeter’s strong market position, good liquidity, adequate operating performance, and steady capital spending.” Our strong balance sheet, significant independent living occupancy, and sizable wait list were key drivers.

An A- rating is no small accomplishment. Out of roughly 1,900 CCRCs nationwide, less than 2% have an A- or better rating. This rating provides RiverWoods Exeter with opportunities to realize the most favorable lending rates available in the market. It also provides an external assurance of the financial strength of our organization.

Read the full report from FitchRatings