SAN FRANCISCO--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'BB+' rating on Brazos Presbyterian Homes' (Brazos) series 2013A&B bonds, which are listed at the end of the press release. Brazos also has a $25 million draw down construction loan with BB&T, which will be temporary debt and repaid with initial entrance fees by the final maturity on Dec. 1, 2018. The Rating Outlook is Stable. SECURITY The bonds are secured by a gross revenue pledge, mortgage pledge and debt service reserve
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