S&P affirms Senior Housing

Standard & Poor's said it affirmed its BB+ corporate credit and senior unsecured debt ratings assigned to Senior Housing Properties Trust.

These actions affect $342.5 million of rated securities, the agency said.

The outlook is stable, S&P said, adding that the ratings reflect the significant tenant concentration within the portfolio and the company's external advisory structure.

The ratings also acknowledge the improved performance of senior Housing's largest tenant, as well as the company's comparatively judicious approach to growing the business and managing its balance sheet.

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