S&P applies BB+ CCR to Care Capital

Standard & Poor's said it assigned its BB+ corporate credit rating to Care Capital Properties Inc. (CCP).

The outlook is stable.

"Our corporate credit rating on CCP incorporates the company's mid-sized portfolio of health care assets, the reimbursement risk inherent in the SNF industry, and very manageable debt leverage," S&P credit analyst Michael Souers said in a news release.

"We believe CCP's management is committed to a conservative financing strategy, and we expect it to fund future investments in a leverage-neutral manner."

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