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S&P ups Healthcare Realty
S&P said it raised its corporate credit rating on Healthcare Realty Trust to BBB from BBB-. The outlook is stable.
The agency also raised the issue-level rating on the company's senior unsecured notes to BBB from BBB-.
“The upgrade acknowledges Healthcare Realty Trust's improved credit metrics following its recent equity issuance that resulted in proceeds of approximately $305 million. Moreover, the company’s continued recycling of its portfolio has improved asset quality, in our view,” said S&P credit analyst Michael Souers in a news release.
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