The rating on Hamilton County, Ohio's bonds, issued for Twin Towers Inc., reflects: * Significant cash levels; * Strong financial profile as demonstrated by sound financial operations and pro-forma debt service coverage; * Good utilization; * Sound management and operation of a 459-unit, fee-for-service, continuing care retirement community; and * Favorable location in economically diverse and wealthy suburb of Cincinnati, Ohio (rated 'AA+'), and situated on a 115-acre wooded site. The facility has adjusted coverage of 1.2 times (x) and moderate adjusted debt to capital of 29%. The institution's greatest financial strength is its cash position, with $43.8 million in liquid assets, cash to debt of 242%, and an impressive 1,246 days' cash on hand. Twin Towers is reviewing its
