Moody’s gives Ventas Realty short-term P-2

Moody's Investors Service said it assigned a P-2 short term rating to Ventas Realty, LP, a wholly owned subsidiary of Ventas Inc.

Ventas announced that it has established an unsecured commercial paper note program in the United States, which is authorized for issuance up to $1 billion at any given time.

Concurrently, Moody's also affirmed all of the existing ratings of Ventas and its subsidiaries, including the REIT's Baa1 senior unsecured debt rating.

The outlook remains stable.

“Ventas' P-2 short-term rating reflects the healthcare REIT's strong liquidity profile, supported by its $3 billion unsecured credit facility and well-laddered debt maturity schedule,” the agency said in a news release.

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