Standard&Poor's Ratings Services confirmed its 'A-/A-2' ratings on the following variable-rate revenue bond issues, due to the bank facility being extended to June 30, 2018: New Jersey Economic Development Authority's (Central New Jersey Jewish Home for the Aged assisted living project) series 2001 variable-rate revenue bonds, issued for Geriatric Services Housing Corp. Inc.; New Jersey Economic Development Authority's series 2010 variable-rate demand revenue bonds, issued for Jewish Community Housing Corp.; and New Jersey Health Care Facilities Financing Authority's series 1997B variable-rate demand revenue and refunding bonds, issued for Christian Healthcare Center. The long-term and short-term components of the ratings are based on the rating on the letter of credit provider, Valley National Bank. Criteria: Methodology And Assumptions: Approach
