Fitch Affirms Emerald Heights, WA at ‘A-‘; Outlook Stable

NEW YORK–(BUSINESS WIRE)–Fitch Ratings has affirmed the rating on the following bonds issued by the Washington State Housing Finance Commission on behalf of Eastside Retirement Association d/b/a Emerald Heights: –$26.255 million revenue refunding bonds, series 2013. The Rating Outlook is Stable. SECURITY The bonds are secured by a gross revenue pledge, mortgage and debt service reserve fund. KEY RATING DRIVERS IMPROVED FINANCIAL PERFORMANCE: Operating performance improved mostly due to the a