Sabra Health Care REIT, Inc. Upgraded to Investment Grade Rating of Baa3 by Moody鈥檚
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TUSTIN, Calif.--(BUSINESS WIRE)--
Sabra Health Care REIT, Inc. (鈥淪abra鈥�) (Nasdaq: SBRA) announced today that Moody鈥檚 Ratings (鈥淢oody鈥檚鈥�) upgraded Sabra鈥檚 senior unsecured notes rating to 鈥淏aa3鈥� from 鈥淏a1鈥�, reflecting Sabra鈥檚 continued strong operating performance and prudent financial management. In conjunction with this upgrade, Moody鈥檚 has also assigned a 鈥淏aa3鈥� issuer rating to Sabra, with a Stable outlook.
Moody鈥檚 cited several key factors supporting the rating upgrade, including: sound operating performance, diversified portfolio, improving net debt to EBITDA, and the positive long-term outlook for senior housing. For additional information, Moody鈥檚 report can be found on its website at .
About Sabra
Sabra Health Care REIT, Inc., a Maryland corporation, operates as a self-administered, self-managed real estate investment trust (a 鈥淩EIT鈥�) that, through its subsidiaries, owns and invests in real estate serving the healthcare industry throughout the United States and Canada.
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