Moody’s gives Ventas Canada notes Baa1

Moody's Investors Service said it assigned a Baa1 rating to the C$650 million of senior notes being issued by Ventas Canada Finance Ltd., an indirect wholly owned subsidiary of Ventas, Inc.

The notes are fully and unconditionally guaranteed on a senior unsecured basis by Ventas.

The outlook is stable.

Moody’s said Ventas' ratings continue to reflect the REIT's position as one of the largest U.S. healthcare REITs and its success in profitably growing, while maintaining conservative leverage and sound liquidity. Ventas has grown significantly in recent years (to $23 billion in gross assets at the second quarter of 2014 from $7.2 billion at year-end 2010) and has successfully integrated key portfolio acquisitions, the agency said.

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