S&P: Health Care REIT view stable

Standard & Poor's said it revised the outlook on Health Care REIT Inc. to stable from positive affirmed the BBB- corporate credit and senior unsecured debt ratings, as well as BB rating on the company's preferred stock.

The revision reflects adverse market conditions that indicate a potentially longer recession than anticipated, according to the agency. Very weak economic and credit market conditions coupled with large development pipeline add to current lease-up risk and could weaken the currently adequate liquidity.

The stable outlook reflects solid debt protection measures, which is expected to provide the necessary cushion to weather this economic downturn, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.