Fitch rates Ventas notes BBB

Fitch Ratings said it assigned a BBB rating to the $400 million principal amount of 3.125% coupon senior unsecured notes due 2015 issued by the operating partnership of Ventas, Inc., Ventas Realty, LP, and a wholly owned subsidiary, Ventas Capital Corp.

The issuer default rating is BBB.

The outlook is negative.

Proceeds will be used to repay debt outstanding under Ventas's unsecured revolving credit facilities and for working capital and other general corporate purposes.

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