Moody's rates Healthcare Trust notes Baa3

Moody's Investors Service said it assigned a Baa3 rating to the proposed $250 million senior unsecured notes being marketed by Healthcare Trust of America Holdings, LP, the operating subsidiary of Healthcare Trust of America, Inc., a real estate investment trust.

The notes will be fully and unconditionally guaranteed by the REIT.

Moody's also said it affirmed the company's existing Baa3 issuer rating and revised the outlook to positive from stable.

The positive outlook reflects its continued execution of strategic growth, while reducing secured debt levels and maintaining modest overall leverage, the agency said.

The company's key credit challenges include its modest size and franchise, particularly as compared to its larger, more diversified healthcare REIT peers, Moody's said.

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