S&P affirms Leisureworld

Standard &Poor's said it affirmed Leisureworld Senior Care LP's senior secured debt rating at A-.

The outlook is stable.

The ratings reflect the view of strong long-term demand fundamentals based on an aging population, strong occupancy levels and adequate security interest for bondholders, the agency said.

The stable outlook reflects the expectation that Leisureworld's business risk and financial risk profiles will remain strong, reflecting high occupancy rates and adequate debt service coverage ratios, the agency said.

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