Fitch ups Omega Healthcare

Fitch Ratings said it upgraded Omega Healthcare Investors, including the senior unsecured notes to BB from BB- and preferred stock to B+ from B.

Additionally, Fitch said it assigned a BB+ rating to the company's secured credit facility. The outlook is stable.

Fitch noted that the ratings reflect Omega's ability to maintain solid coverage and leverage metrics and improved operating performance in recent quarters, while continuing to diversify its sources of income.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.