...Sector and Rating Outlooks Stable: Fitch Ratings is maintaining a stable sector outlook and Stable Rating Outlooks for nonprofit continuing care retirement communities (CCRCs) for 2016. The stable outlooks reflects many of the same factors in last year's outlook, including improving occupancy levels, solid expense control and a favorable capital markets environment. The impact to the sector of the evolving acute care delivery model, with a greater emphasis on integration with post-acute service providers and changing reimbursement models, is uncertain over the longer term. Core Financial Performance Unchanged: The 2015 investment-grade median ratios (based on 2014 audits) for key operational and financial performance were mostly unchanged, compared with the prior year's medians. Fitch expects operating profitability in 2016 to remain stable, reflecting solid occupancy across all levels of care, better pricing power on monthly service fees and entrance fees and continued improvement in the...
