NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'BBB' rating on approximately $17.8 million St. John's County Industrial Development Authority fixed-rate revenue bonds series 2007, issued on behalf of Life Care Ponte Vedra (dba Vicar's Landing; VL). The Rating Outlook is Stable. SECURITY The bonds are secured by a gross pledge, first mortgage lien, security and interest in residency agreements, and a debt service reserve fund. KEY RATING DRIVERS CONSISTENT OPERATING PERFORMANCE: VL ha
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