Credit Ratings

Ventas's senior unsecured debt has investment grade ratings by Fitch Ratings (BBB+ stable), Moody's (Baa1 stable) and Standard & Poor’s (BBB+ stable).

As part of our overall business strategy, we strive to maintain a strong balance sheet and credit statistics, ensuring financial strength and flexibility as we continue to grow and diversify our business. Over the years, we have improved our credit ratings by growing cash flow and liquidity, increasing profits, diversifying our tenant and asset base and maintaining conservative debt positions. In addition, we remain focused on protecting the downside in our existing and future investments through relentless vigilance on risk, conservatively structuring our deals, choosing quality partners to work with and seeking acquisitions that have sustainable cash flows.

We believe that our stronger balance sheet and improved credit ratings evidence our long-term commitment to provide a secure investment for our various constituents. In addition, they provide us with greater flexibility and more choices as we execute our strategic diversification plan.

Fitch Ratings:

Fitch Affirms Ventas at 'BBB+' After E&Y Dismissal (July 11, 2014)

Fitch Rates Ventas, Inc.'s $300MM 2017 Notes and $400MM 2024 Notes 'BBB+' (April 15, 2014)

Moody's Investors Service:

Issuer Comment  (July 10, 2014)

Credit Opinion: Ventas, Inc. (August 12, 2013)

Standard & Poor's:

Summary: Ventas Inc. (June 27, 2014)

Ventas Inc. Rating Raised to ‘BBB+’ From ‘BBB’ On Revised Criteria; Outlook Stable (December 16, 2013)