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Fitch Affirms Duncaster, Inc. (CT) at 'BBB-'; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'BBB-' rating on the following State of Connecticut Health and Educational Facilities Authority bonds issued on behalf of Duncaster, Inc. (Duncaster): --$12,000,000 revenue bonds, Duncaster, Inc. issues, series 2014A. The Rating Outlook is Stable. SECURITY The bonds are secured by a pledge of Duncaster's gross revenues, a mortgage, a debt service reserve fund and a foundation guarantee not to let debt service fall below the 1.2x covenant

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