Fitch affirms Ventas

Fitch Ratings said it affirmed the ratings of Ventas, Inc. at BBB+, including the issuer default rating.

The outlook remains stable.

Fitch said the rating and outlook reflect Ventas’ diverse portfolio of healthcare properties, demonstrated and consistent access to multiple sources of capital, adequate liquidity, and deep management team.

The ratings and outlook also reflect the agency’s expectation that leverage will sustain in the 5.5 times to 6 times range, depending on the sizing and timing of investment activity, toward the higher-end of the 4.5 times to 6 times that Ventas’ ratings assume.

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