Fitch rates Health Care REIT senior notes BBB

Fitch Ratings said it assigned a BBB rating to the $450 million principal amount of 4.95% senior unsecured notes due 2021 issued by Health Care REIT, Inc.

The notes will rank equally with other senior unsecured debt and were priced at 99.349 to yield 5.031%, or 238 basis points over the benchmark treasury rate.

The proceeds are expected to be used to invest in health care and senior housing properties, Fitch said, and for other general corporate purposes.

The company has an issuer default rating of BBB.

The outlook is stable.

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