CHICAGO--(BUSINESS WIRE)--Aug. 6, 2013--
Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”) announced today
that Moody’s Investors Service (“Moody’s”) has raised its ratings on the
Company’s senior unsecured debt to Baa1 from Baa2, with a stable
outlook. In its ratings upgrade, Moody’s stated: “The rating upgrade
reflects Ventas’ significant growth in unencumbered assets, its
consistently conservative balance sheet, and operational strength. In
addition, the ratings reflect Ventas’… success in expanding its market
position while maintaining sound liquidity.”
“We are extremely pleased that Moody’s has recognized the growth and
diversification of our business model and portfolio and the financial
strength and flexibility of our balance sheet,” 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 more than 1,400 assets in 47 states
(including the District of Columbia) and two Canadian provinces consists
of seniors housing communities, skilled nursing facilities, hospitals,
medical office buildings 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