Moody's ups Sabra Health

Moody's Investors Service said it upgraded the senior unsecured rating of Sabra Health Care LP to B1 from B2 and the corporate family rating of Sabra Health Care REIT, Inc. to B1 from B2.

The outlook is stable.

The agency said the ratings upgrade reflects the healthcare REIT's growth, improved tenant diversification and maintenance of sound credit metrics. The stable outlook reflects Moody's expectation that Sabra will not experience a decline in rents as a result of the recent cut to skilled nursing facility Medicare rates.

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