Local Retirement Community Awarded A+ designation from Fitch Ratings
Oberlin, Ohio — (September 24, 2024) – Kendal at Oberlin recently received affirmation of their Fitch Rating A+ with a stable outlook. The Fitch Ratings are forward-looking opinions on the ability of the entity to meet financial commitments. Ratings assigned by Fitch are opinions based on established, approved and published criteria, adding to their merit. Fitch Ratings hold widespread recognition as necessary for investment decisions, borrowing costs, market confidence and more.
The A+ designation reflects the community’s strong market position as a Life Plan Community that garners national attention. According to Fitch Ratings, the A+ designation was also decided by Kendal at Oberlin’s “midrange operating risk, with a history of solid operating metrics and steady capital spending.”
The campus was also ranked favorably due to its proximity to Oberlin College, its ability to benefit from shared resources with The Kendal Corporation, and its diverse population which includes more than 40% of residents who come from outside of Ohio.
“One of Kendal at Oberlin’s values is around Financial Integrity – ‘Providing and maintaining a sound financial foundation supports our ability to offer financial security and provide quality programs and services’ on and off Kendal at Oberlin’s campus. We are excited to maintain our A+ rating with a Stable outlook from Fitch and share this achievement with only two other Life Plan Communities in the United States”, shares Ann O’Malley, Chief Financial Officer.
To learn more about Kendal at Oberlin, visit kao.kendal.org/.
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About Kendal at Oberlin
Kendal at Oberlin is a vibrant, diverse, inclusive, and caring nonprofit life plan community serving older adults in northeast Ohio. Located about one mile from Oberlin College and Conservatory, and about a 40-minute drive from downtown Cleveland, the community offers a resident-led lifestyle with access to music, art, and lifelong learning. We are an affiliate of the Kendal System, offering values-driven services in the Quaker tradition.
