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Fitch Affirms Friendship Village of Schaumburg (IL) Revs at 'BB-'; Outlook Stable

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'BB-' rating on the following Illinois Finance Authority revenue bonds issued on behalf of Friendship Village of Schaumburg Obligated Group (FVS): --$65.5 million series 2005A; --$5 million series 2005B; --$33.6 million series 2010. The Rating Outlook is Stable. SECURITY The bonds are supported by a pledge of gross revenues, a mortgage interest in property and improvements, and a debt service reserve. KEY RATING DRIVERS ATTRITION MUTES ST

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