News - April 3, 2024

April 4, 2024

FOR IMMEDIATE RELEASE

CONTACT: Zoë McMahon | 703.405.1895 | Zoe.McMahon@FinnPartners.com

Goodwin Living BBB+ Investor Rating Affirmed

 Not-for-Profit Senior Living and Health Care Organization Serves 2,500 Older Adults Across the National Capital Region

 (Alexandria, VA) April 4, 2024 – 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.

“The BBB+ rating affirms the financial wellness and operational strength of Goodwin Living as we grow our mission and uplift the lives of more older adults,” said Xan Smith, Goodwin Living Chief Financial Officer. “This rating is important to our residents, members and prospective residents who value the financial stability of Goodwin Living.”

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, specialized healthcare services, 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 five consecutive years and was named the #1 Top Workplace for 2023. Get more information at GoodwinLiving.org or by following Goodwin Living on Facebook, Instagram and LinkedIn.