Fitch rates Healthcare Realty notes BBB

Fitch Ratings said it assigned a BBB rating to the $300 million unsecured notes due January 2028 issued by Healthcare Realty Trust Inc. that will bear interest at 3.625%.

The transaction is anticipated to close on Dec. 11.

Proceeds will be used towards the partial redemption of its $400 million unsecured senior notes due 2021 (with an interest rate of 5.75%), which is expected to occur on Dec. 27.

Fitch said the ratings reflect Healthcare Realty’s low leverage, high fixed-charge coverage and the agency’s view that the issuer's high-quality medical office building portfolio will exhibit predictable and durable operating cash flows.

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