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Moody’s revises Ventas outlook to negative
Moody’s Investors Service said it affirmed the ratings of Ventas Inc. and its subsidiaries, including its Baa1 senior unsecured debt rating, and changed the outlook to negative from stable.
The outlook revision reflects the risks Ventas faces in its senior housing business, as the coronavirus pandemic is likely to cause acute occupancy decline and cash flow pressure across the industry, the agency said.
“We expect Ventas’ credit metrics, particularly net debt/EBITDA, will deteriorate as a result of these operating challenges,” Moody’s said in a press release.
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