Moody’s ups Omega to debt to Baa3

Moody's Investors Service said it upgraded Omega Healthcare Investors, Inc.'s senior unsecured debt rating to Baa3 from Ba1.

The outlook is stable.

Moody’s said the upgrade reflects the numerous strategic benefits associated with the REIT's recent merger with Aviv, including increased size, scale and tenant diversification, as well as its continued maintenance of a conservative financial profile even as it has executed substantial growth.

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