Fitch Ratings affirmed Sabra Health Care REIT Inc.'s long-term issuer default rating at BBB-.
The outlook on the ratings remains negative.
The ratings take into account the company's portfolio quality and diversification, strong liquidity due to having no near-term maturities, improving access to capital and average operator lease coverage. Fitch noted that the company's strengths are partially offset by its financial metrics above or near Fitch's negative ratings sensitivities, portfolio concentration in skilled nursing facilities and senior housing.
