CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'BBB-' rating on the following City of La Verne, CA certificates of participation, issued on behalf of Brethren Hillcrest Homes (Hillcrest): --$39.2 million series 2014. The Rating Outlook is Stable. SECURITY Gross revenue pledge, a first deed of trust on certain property, and a debt service reserve fund. KEY RATING DRIVERS SOLID PROFITABILITY: Hillcrest's net operating margin (NOM) and NOM-adjusted margins remain in line with Fitch's 'BB
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