The Forest at Duke awarded the honor of a 'BBB+' from Fitch Ratings

Posted: 5/1/2017 | Back to News

Fitch Ratings announced that a 'BBB+' rating has been awarded once again to The Forest at Duke and includes an upgrade from stable to positive in rating.

The Fitch Ratings announcement stated that the 'BBB+' rating reflected The Forest at Duke's solid liquidity position relative to expenses, excellent service area and demand characteristics, solid coverage of pro-forma maximum annual debt service, and strong management practices. First issued in 2007, The Forest at Duke continues to strive for financial excellence. This 'BBB+' rating provides confidence that The Forest at Duke has the financial strength to fulfill its commitments, both to the residents we serve, future Forest at Duke residents, and to those investing in The Forest at Duke's bonds.

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