11:30 a.m-12:30 p.m

57-L. It’s All About the Outlook: Navigating Rating Directions

Interested in where credit quality for life plan communities may be headed in the near future? This session will translate Fitch Ratings' published criteria into practical guidance on the factors driving outlook changes for these communities. Presenters will clarify the difference between outlooks and ratings and explain why outlooks matter. They'll also highlight specific Fitch criteria that merit your attention, including operating performance, occupancy drivers, sales pipeline quality, entrance fee refunds, liquidity, and debt mix. Life plan community financial officers will present case studies of organizations that stabilized and improved their outcomes despite an unstable outlook. Learn how to identify the factors triggering outlook shifts and translate outlook signals into positive management actions.

• Margaret Johnson, Senior Lead Senior Living, Fitch Ratings — New York, NY, United States
• Jamie Spencer, CFO, Ingleside — Rockville, MD, US
• Katrina Bywater, VP of Accounting, Pacific Retirement Services — Medford, OR, US