| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers V > Headlines for Ventas, Inc. > News item |
S&P cuts Nationwide Health, affirms Ventas
Standard & Poor's said it lowered the corporate credit and senior unsecured note ratings to BBB- from BBB on Nationwide Health Properties Inc. and removed them from CreditWatch with negative implications, where they were placed in February.
The agency also said it affirmed the BBB- corporate credit and senior unsecured note ratings on Ventas, Inc.
The outlook for both companies is positive.
Although Nationwide's bonds will not have the benefit of a Ventas guarantee, S&P said it does not make any rating distinction between the ratings on the Nationwide and Ventas bonds.
Analytically, the agency said it views Nationwide as a core and integrated part of Ventas' business.
The ratings also consider the strong credit profile of Nationwide and bond covenants that require it to maintain an unencumbered pool of assets, S&P added.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.