On September 14, 2020, DBRS Limited (DBRS Morningstar) assigned an Issuer Rating of A (low) with a Stable trend to Leisureworld Senior Care LP (Leisureworld). DBRS Morningstar also confirmed the rating of the Series B Senior Secured Debentures (the Debentures) at A (low) with a Stable trend.
Long-term care (LTC) providers have been at the centreof the Coronavirus Disease (COVID-19) pandemic around the globe. Canada's experience is no exception as, according to the Canadian Institute for Health Information, LTC and retirement homes have been linked to more than 80% of coronavirus deaths in Canada. The LTC sector is especially sensitive to the coronavirus, given its mission to provide accommodation, 24-hour nursing care, and assistance with daily-living and health needs to seniors—a...
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