Moody's ups Ventas outlook to positive

Moody's Investors Service has changed the outlook for Ventas, Inc. to positive.

This rating action results from Ventas' recent refinancing of its bank facility from a secured facility to an unsecured facility, once again demonstrating the REIT's commitment to balance sheet enhancement, Moody's said.

The positive outlook also reflects Moody's belief that Ventas will continue to unencumber its assets and make meaningful progress growing and diversifying its health care property portfolio, diversifying tenant base, and strengthening its operational infrastructure.

Ratings affirmed with a positive outlook include Ventas Realty LP's senior debt at Ba2.

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