Moody's ups Medical Properties Trust, debt

Moody's Investors Service said it upgraded the senior unsecured debt rating of MPT Operating Partnership, LP to Ba1 from Ba2.

Moody's said it also upgraded Medical Properties Trust's corporate family rating to Ba1 from Ba2.

The outlook is stable.

These rating actions follow MPT's closing of the $400 million Ernest transaction, a combination of sale-leaseback/mortgage investments in eight long-term acute care hospitals and eight inpatient rehabilitation facilities, as well as acquisition of the operations in conjunction with Ernest management, the agency said.

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