How can I be assured that Asbury Methodist Village is financially strong?
A. Asbury Methodist Village does not have any individual long-term debt. Instead, all of its long-term debt is part of the Maryland Obligated Group, which includes Asbury Methodist Village and Asbury~Solomons Inc. Since the inception of the Maryland Obligated Group, there has never been a time that either community has been unable to pay its share of the debt. Being part of the Maryland Obligated Group enables each community to obtain the capital funds it requires at a lower interest rate than it could if it were to borrow the funds individually. The Maryland Obligated Group is sufficiently financially strong that its debt is rated as investment grade by the Fitch Inc. bond rating service. Only about 4 percent of CCRCs nationally have investment-grade bond funds.
