trending Market Intelligence /marketintelligence/en/news-insights/trending/HjBSU8A4aIiAhp4dw0EOeA2 content esgSubNav
In This List

S&P affirms Ventas' ratings

Blog

Insight Weekly: PE firms shift strategies; bank earnings kick off; bankruptcies plummet

Blog

Insight Weekly: Stocks limp into 2023; GCC banks set for rebound; deep-sea mining faces pushback

Infographic

Infographic: The Big Picture 2023 Sustainability Outlook

Blog

The Big Picture for 2023: Assessing Investment Trends and the Impact of Investor Activism


S&P affirms Ventas' ratings

S&P Global Ratings affirmed its ratings on Ventas Inc., including its BBB+ corporate credit and senior unsecured note ratings.

The outlook is stable.

The affirmation reflects the rating agency's view that the company will continue to recycle capital to reposition its asset mix and decrease leverage slightly. In addition, S&P revised liquidity assessment to strong, echoing the company's increased capacity under its revolving credit facility. It also anticipates that the pace of the company's purchases will moderate to some extent.

The stable outlook reflects S&P's view that the company's portfolio of healthcare facilities will drive modest yet predictable same-store net operating income growth in the next two years.

The rating agency believes the company will stay opportunistically acquisitive. However, it will finance its purchases through a practical approach in line with its pledge to keep a conservative balance sheet and steady credit metrics.

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.