Fitch Affirms and Assigns Recovery Ratings to 2 U.S. Equity REIT Sector Companies' Ratings
Sabra Health Care REIT, Inc.
--Issuer Default Rating (IDR) at 'BB+';
--Preferred Stock at 'BB-'/'RR6'.
Sabra Health Care Limited Partnership
--IDR at 'BB+';
--Unsecured revolving credit facility at 'BB+'/'RR4';
--Unsecured term loan at 'BB+'/'RR4';
--Senior unsecured notes at 'BB+'/'RR4'.
The assignment of the recovery ratings reflects 'Recovery Ratings and Notching Criteria for Non-Financial Corporates issuers' criteria dated Nov. 18, 2014, which allows for the assignment of RRs for issuers with IDRs in the 'BB' category.
Key Rating Drivers, Key Assumptions and Rating Sensitivities for each company are available on Fitch's website at 'www.fitchratings.com.
Комментарии