Make or Break: The True Value of Credit Ratings

Recorded March 22, 2012

We all know that maintaining and obtaining a credit rating is important, but there are specific, surprising ways in which the value of a credit rating can change. What are the key rating drivers? Who gets ratings, what are the requirements, and what do they actually determine?  What communications strategies between the organization and the rating agencies are particularly helpful in obtaining or maintaining a rating? Becoming familiar with how rating agencies rate bond issues, and how lenders respond to those ratings, will help providers obtain the highest possible rating and lowest cost of capital for their projects.  What is your outlook for 2012? What is the rationale for that outlook? Our expert panel is here to help.

This educational offering has been approved for 1.50 clock hours by the National Association of Long Term Care Administrator Boards (NAB).

ORDER A RECORDING AND TRANSCRIPT TODAY for this unique webcast and learn the true value of maintaining and obtaining a credit rating from our panel of leading industry experts—without ever having to leave your desk:

What factors can contribute to a downgrade?
How do higher capital costs affect rated vs. non-rated organizations? How do these challenges affect rated vs. non-rated organizations differently – or do they?
Should we expect more downgrades than upgrades in this sector?
What constitutes a credit positive?
Why should a CCRC seek a credit agency rating?
What security levels are required?
PLUS...your chance to ask our panel of experts any questions about the not-for-profit and for-profit senior living models.

 

Panel of Experts:

Nick Gesue, Chief Executive Officer, Lancaster Pollard
Nicholas Gesue is the chief executive officer of Lancaster Pollard. Over the last decade, Nick was instrumental in the development of Lancaster Pollard’s mortgage lending platform. In his previous tenure as the chief credit officer, he played a key role in implementing the firm’s private equity fund and balance sheet lending operations. He has also served as an executive committee member and has been involved in Lancaster Pollard Read More
Chief Executive Officer, Lancaster Pollard
Gerald T. Grant
Mr. Grant been with ACTS since 1988 and currently serves as an officer and member of the board for various ACTS subsidiaries. He has been active in various healthcare industry and financial organizations and previously served as a member of the Financial Advisory Panel of the CARF/Continuing Care Accreditation Commission. Mr. Grant has a Bachelor's degree in Accounting from Penn State University and a Master's degree in Finance from Read More
Executive Vice President and CFO, ACTS Retirement-Life Communities
Stephen Infranco
Stephen joined Standard & Poor’s Public Finance Group in 1995.  Based in New York City, Stephen covers the primary market in both the healthcare and higher education sectors.  While Stephen actively participates in both sectors, his primary focus is healthcare, as he continues to rate acute care hospitals, health systems, and senior living credits throughout the United States. As part of his core responsibilities as a senior Read More
Director, Public Finance, Standard & Poor's
Mr. Sokolow joined Fitch in 2007 and is responsible for analyzing and rating acute care hospitals, continuing care retirement communities, and nursing homes.Prior to joining Fitch’s health care group, Gary worked in administration in the division of cardiology at the NYU School of Medicine. Prior to NYU, he was at the Greater New York Hospital Association as the manager of programs and grants in its foundation. Gary is a graduate of the Read More
Director, Public Finance Healthcare Group, Fitch Ratings