Moody's boosts Omega Healthcare

Moody's Investors Service said it raised the ratings of Omega Healthcare Investors, Inc., including the senior unsecured debt to Ba3 from B1.

The outlook is stable.

According to Moody's, this rating action reflects Omega's increased size and improvement in asset quality and performance.

The agency also noted that Omega has adequate liquidity with no near-term debt maturities, a modest dividend payout and a mostly unencumbered asset base.

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