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Moody's ups Senior Housing
Moody's Investors Service said it raised the senior debt ratings of Senior Housing Properties Trust to Ba1 from Ba2.
The outlook is stable.
"This upgrade results from the improving credit profile of senior Housing's overall tenant base, especially Five Star, as well as the REIT's execution of a modest, but disciplined growth strategy," noted Lori Marks, Moody's analyst.
The agency added that Senior Housing's conservative financial profile evidenced by low leverage, minimal usage of secured debt and high fixed charge coverage continues to be a key credit strength.
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