Fitch Ratings Affirms Financial Stability

Fitch Ratings BBB+

[Updated: December 22, 2023 | Published: December 21, 2023]

We’re pleased that Fitch Ratings has affirmed its ‘BBB+’ Issuer Default Rating (IDR) to our premier senior living community, listing the rating outlook as stable.

Fitch Ratings is a top provider of credit ratings, commentary, and research. It is the major debt rating agency in the senior living sector.

The BBB+ rating assigned to Friendship Village of Dublin indicates its overall financial health. This information is important for Residents, prospective Residents and their family members to assess our organization’s strength.

“The affirmation reflects the expected resilience of FVD’s financial profile through Fitch’s forward-looking scenario analysis, within the context of the strength of its business profile,” according to the rating action commentary.

Phot of the main entrance to Friendship Village of Dublin.The credit rating agency also affirmed its ‘BBB+’ rating on $23.3 million of health care facilities bonds issued in 2014 to fund our $100 million Master Plan expansion.

“Both ratings affirm the financial stability of our LifeCare community following completion of the Master Plan expansions we embarked upon in 2015,” said CEO Rita Doherty.

“These capital investments have enhanced our ability to help residents thrive in a resort-style community with 21st-century amenities and care communities.”

Master Plan Completed in 2023

Sitting area in Rowan House Memory Care
Sitting area in Rowan House Memory Care.

The Master Plan called for several new construction and renovation projects to ensure residents enjoy resort-style living and state-of-the-art care.

Project highlights included:

  • 79 spacious new independent living apartments in two communities: The Flats at Riverpoint and Riverstone Apartments.
  • The state-of-the-art new Alderwood Health & Rehab skilled nursing and transitional care center
  • The new Rowan House Memory Care community providing Montessori-inspired care for Residents living with dementia and Alzheimer’s disease.
  • The upgraded Waterford Place Assisted Living community.
  • On-site beauty and body services at our new Springwater Spa
  • New outdoor dining and living areas
  • New surface parking and ground-level garage parking

Looking for Your Place to Thrive?

Gardens at Friendship Village of DublinFor over 40 years, Friendship Village of Dublin has offered a vibrant, financially secure lifestyle for central Ohio seniors.

Come home to maintenance-free living, engaging activities and compatible companions on our scenic, 29-acre campus.

We have living options to fit your lifestyle and budget— whether you’re a couple or solo ager.

All independent living apartments come with LifeCare – an all-in-one package of flexible services, abundant amenities and future health care if needed at a predictable cost, giving you more freedom to enjoy your active, independent lifestyle.

Visit us to learn about the many advantages, amenities and services we offer to help you live life to the fullest at every age.

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