Credit Ratings
Ventas's senior unsecured debt has investment grade ratings by Fitch Ratings (BBB+ stable), Moody's (Baa2 positive) and Standard & Poor’s (BBB positive).
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 Rates Ventas, Inc.’s $500MM 2.7% Sr. Unsecured Notes Due 2020 'BBB+'; Outlook Stable (March 18, 2013)
Fitch Rates Ventas, Inc.’s $225MM Sr. Unsecured Notes Due 2043 'BBB+'; Outlook Stable (March 5, 2013)
Moody's Investors Service:
Credit Opinion: Ventas, Inc. (December 28, 2012)
Moody’s affirms Ventas’ ratings; outlook is revised to positive (December 19, 2012)
Standard & Poor's:
Ventas, Inc. Outlook Revised To Positive; 'BBB' Corporate Credit Rating Affirmed (April 2, 2013)
Summary Analysis: Ventas, Inc. (December 11, 2012)
