S&P boosts Omega Healthcare

Standard & Poor's said it raised its corporate credit rating on Omega Healthcare Investors Inc. to BB from BB-.

In addition, ratings are raised on the company's senior unsecured debt to BB from BB- and preferred stock to B+ from B. The outlook is stable, the agency said.

The agency added the upgrade acknowledges the company's ability to make accretive acquisitions and access the capital markets to facilitate this growth while preserving its financial profile.

The company's stable portfolio, aided by improved operator rent coverage, is an additional critical consideration, S&P said, noting overall liquidity remains relatively constrained but adequate.

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