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Moody's changes Ventas outlook, affirms ratingsfrom SNL Real Estate Daily Moody's changes Ventas outlook, affirms ratingsByline: Dawood Fakhir Moody's modified its outlook on Ventas Inc. to negative from stable while affirming its ratings on the healthcare real estate investment trust and its subsidiaries, including their Baa1 senior unsecured debt ratings. The rating agency attributed the outlook revision to the risks facing the REIT's seniors housing business amid threats of sharp occupancy declines and cash flow pressure across the sector from the COVID-19 pandemic. Moody's expects the challenging market conditions to deteriorate Ventas' credit metrics, particularly its net debt to EBITDA ratio. The ratings affirmation is based on Ventas' large size, strong liquidity, diversified property types and sound capital structure, according to Moody's. |
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