News - March 19, 2025

FOR IMMEDIATE RELEASE

CONTACT: Mary Maude Davis

615.780.3373 | MaryMaude.Davis@FinnPartners.com

Goodwin Living BBB+ Investor Rating Affirmed

Not-for-Profit Senior Living and Health Care Organization Serves 4,000 Older Adults Across the National Capital Region

(Alexandria, VA) March 19, 2025 – Fitch Ratings reviewed and affirmed Goodwin Living™ rating of BBB+ with a stable outlook. Goodwin Living is a not-for-profit, faith-based senior living and health care services organization in the National Capital Region.

“We are pleased that Fitch has once again affirmed a BBB+ rating for Goodwin Living,” said Xan Smith, Goodwin Living Chief Financial Officer. “This rating recognizes our strong balance sheet, strong occupancy across all levels of living and solid cash flow, all of which we continue to achieve in the competitive Northern Virginia market that we operate in.”

One of the “Big Three” credit rating agencies, Fitch undertakes comprehensive reviews as well as periodic paper reviews. Fitch conducted a paper review of Goodwin Living and reaffirmed BBB+ rating. The key rating factors include revenue defensibility, operating risk and financial profile.

The Fitch rating for Goodwin Living can be viewed here.

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About Goodwin Living™ (goodwinliving.org):  Goodwin Living™ touches the lives of thousands of people every day through its range of senior living communities and specialized healthcare services in the National Capital Region, community partnerships and philanthropic endeavors. With a mission to support, honor and uplift the lives of others (specifically older adults and those who care for them), Goodwin Living leads the way in expanding the places and ways we can all thrive and find purpose as we age. Older adults will discover options that meet them where they want to be, and those options are managed and provided by team members who represent more than 65 countries. Goodwin Living has been a Washington Post Top Workplace for six consecutive years and was named the #2 Top Workplace for 2024. Get more information at GoodwinLiving.org or by following Goodwin Living on Facebook, Instagram and LinkedIn.