Fitch: Ventas unaffected

Fitch Ratings said the announcement by Ventas, Inc. that it will acquire Cogdell Spencer Inc. and its 72 medical office buildings in an all-cash transaction ranging from $760 million to $770 million will not impact Ventas' BBB+ issuer default rating or stable outlook.

Fitch currently rates Ventas, Inc., Ventas Realty, LP and Ventas Capital Corp.'s IDR at BBB+; unsecured revolving credit facilities at BBB+; senior unsecured notes at BBB+; and senior unsecured convertible notes at BBB+. Fitch also rates Nationwide Health Properties, LLC's IDR at BBB+ and senior unsecured notes at BBB+.

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