S&P puts National Health Investors on watch

Standard & Poor's said it placed its ratings on National Health Investors Inc. on CreditWatch with negative implications.

The agency said that the CreditWatch listing affects roughly $100 million of public senior notes and was prompted by the board of directors' Oct. 11 announcement that it has formed a special committee and retained a financial advisor to help evaluate strategic alternatives for enhancing shareholder value.

Currently, S&P said the company is very lowly leveraged for a BB rating with roughly 20% debt to capitalization at June 30.

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