Fitch gives Physicians Realty, debt BBB

Fitch Ratings assigned ratings to Physicians Realty Trust and its operating partnership, Physicians Realty LP, including the issuer default ratings of BBB.

Fitch assigned BBB issue ratings to the senior unsecured revolving credit facility, term loan, and bonds.

The outlook is stable.

The agency said a primary tenet of the rating is the expectation that Physicians Realty Trust's medical office building portfolio will deliver durable operating cash flows.

Fitch said it expects Physicians Realty Trust's cash flows will be more resilient than the broader REIT universe generally and health care REIT peers that own skilled nursing and senior housing facilities, specifically.

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