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Fitch Affirms United Methodist Homes of New Jersey at 'BBB-'; Outlook Stable

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'BBB-' rating on the following New Jersey Economic Development Authority (NJEDA) revenue bonds issued on behalf of United Methodist Homes of New Jersey (UMH): --$18.9 million revenue bonds, series 2014A --$36.7 million revenue bonds, series 2013 The Rating Outlook is Stable. SECURITY The bonds are supported by a pledge of gross receipts of the obligated group (OG), a debt service reserve fund, and a mortgage lien on obligated group proper

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