S&P: Healthcare Realty outlook stable

Standard & Poor's said it revised the outlook for Healthcare Realty Trust to stable from negative because it believes that a new credit facility and a pending mortgage transaction will improve the company's liquidity profile.

The BBB- corporate credit rating and BBB- ratings on $551 million of senior unsecured notes were affirmed.

"Our ratings on the company reflect our expectation that Healthcare Realty's portfolio of well-located medical office properties will continue to provide relatively stable and predictable cash flow even as the broader commercial real estate markets continue to weaken," S&P analyst James Fielding said in a statement.

"Furthermore, our ratings remain supported by the company's moderately leveraged balance sheet and the REIT's currently strong debt service coverage. That being said, Healthcare Realty's slim coverage of its common dividends remains a credit risk, in our view."

© 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.