Fitch upgrades HCP

Fitch Ratings said it upgraded HCP, Inc.'s long-term issuer default rating and senior unsecured debt rating to BBB+ from BBB.

The outlook is stable.

The upgrades reflect Fitch's view that HCP has demonstrated comparable access to capital to BBB+ peers, has the willingness and ability to maintain leverage below 6x and will continue to operate with ample liquidity and sufficient contingent liquidity, the agency said.

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