CHICAGO--(BUSINESS WIRE)--Dec. 17, 2013--
Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”) announced today
that Standard & Poor’s Ratings Services (“S&P”) has raised its ratings
on the Company’s senior unsecured debt to BBB+ from BBB, with a stable
outlook. In its ratings upgrade, S&P noted the Company’s “current and
projected strong coverage measures that are supported by stable cash
flow.”
“We are extremely pleased that S&P has recognized the financial strength
and flexibility of our Company, as well as the excellent performance of
our large and diversified portfolio,” Ventas Chairman and Chief
Executive Officer Debra A. Cafaro said.
Ventas, Inc., an S&P 500 company, is a leading real estate investment
trust. Its diverse portfolio of nearly 1,500 assets in 47 states
(including the District of Columbia) and two Canadian provinces consists
of seniors housing communities, medical office buildings, skilled
nursing facilities, hospitals, and other properties. Through its
Lillibridge subsidiary, Ventas provides management, leasing, marketing,
facility development and advisory services to highly rated hospitals and
health systems throughout the United States. More information about
Ventas and Lillibridge can be found at www.ventasreit.com
and www.lillibridge.com.
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Source: Ventas, Inc.
Ventas, Inc.
Lori B. Wittman
(877) 4-VENTAS