trending Market Intelligence /marketintelligence/en/news-insights/trending/i18H8ghWGamA4aBFYTlFwA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Moody's upgrades HCP rating

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Moody's upgrades HCP rating

Moody's Investors Service upgraded HCP Inc.'s senior unsecured debt rating to Baa1 from Baa2.

The outlook remains stable.

The upgrade reflects the healthcare real estate investment trust's progress in repositioning its portfolio that has resulted in improved asset quality and enabled it to reduce leverage, Moody's noted.

The rating agency also noted that HCP's three core segments — senior housing, medical office buildings and life sciences — derive a majority of their income from private pay sources and have very low exposure to government reimbursement risk. The outlook for the company's high-quality medical office building and life sciences portfolios remains strong, offsetting the expected challenges in the senior housing sector in 2019.