News - June 13, 2023

FOR IMMEDIATE RELEASE

CONTACT: Emily Chavez  | 407.718.6609 | Emily.Chavez@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) June 13, 2023 – Fitch Ratings reviewed and affirmed Goodwin Living™ rating of BBB+ with a stable outlook. Goodwin Living is a not-for-profit and faith-based senior living and health care services organization in the National Capital Region.

“Fitch’s action to reaffirm our BBB+ demonstrates Goodwin Living’s operational and financial strengths, and our continued and sustainable mission growth,” said Xan Smith, Goodwin Living Chief Financial Officer. “Goodwin Living continues to expand our mission and services in the Northern Virginia area serving more than 2,500 older adults daily while achieving a Washington Post Top Workplace ranking for the last five consecutive years.”

One of the “Big Three” credit rating agencies, Fitch undertakes comprehensive reviews as well as periodic paper reviews. This spring, Fitch conducted a paper review of Goodwin Living and reaffirmed BBB+. 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 health care services, community partnerships and philanthropic endeavors. With a mission to support, honor and uplift the lives of older adults and the people 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 is a Washington Post Top Workplace for five consecutive years, from 2019 to 2023.

Get more information at GoodwinLiving.org or by following Goodwin Living on Facebook, Instagram and LinkedIn.