• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Research Update: Ventas Inc. Jun 04 Product Image

Research Update: Ventas Inc. Jun 04

  • ID: 1802227
  • June 2004
  • Standard & Poors


  • Kindred Healthcare Inc.
  • Ventas Capital Corp.
  • Ventas Inc.
  • Ventas Realty L.P.
  • MORE

On June 28, 2004, Standard & Poor's Ratings Services raised its corporate credit ratings on Ventas Inc., its operating partnership Ventas Realty L.P., and Ventas Capital Corp. to 'BB' from 'BB-'. In addition, ratings are raised on the company's senior unsecured debt, which totals $366 million (see list). Concurrently, the outlook is revised to stable from positive. The upgrades acknowledge the company's steady improvement in both its business and financial profiles. Recent acquisitions have targeted improving Ventas' diversification, foremost its concentration with its primary tenant Kindred Healthcare Inc. (Kindred). Growing cash flow and profits, and lower leverage have contributed to stronger debt protection measures. Credit weaknesses remain, however, including Ventas' continued reliance on un-rated Kindred, the risk of future changes...

Companies mentioned in this report are:
- Ventas Inc.
- Kindred Healthcare Inc.
- Ventas Realty L.P.
- Ventas Capital Corp.

Action: Upgraded

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, READ MORE >

- Ventas Inc.
- Kindred Healthcare Inc.
- Ventas Realty L.P.
- Ventas Capital Corp.

Note: Product cover images may vary from those shown