S&P raises credit rating for Health Care REIT

4/4/2013
BLADE STAFF

Health Care REIT announced Thursday that Standard & Poor’s Ratings Services had raised the firm’s corporate credit rating to BBB from BBB- with a stable outlook. The report cites the company’s diversified and quality portfolio, ability to generate steady cash-flow growth, and improving credit metrics for the upgrade.

“S&P’s upgrade validates our business model of building a diverse portfolio of high-quality assets with the best operators that will generate predictable, resilient returns,” said George L. Chapman, chairman and chief executive officer of the Toledo-based company, which is a real estate investment trust specializing in senior housing and health-care properties.