TOLEDO, Ohio — Fitch Ratings has raised the corporate credit rating of Health Care REIT Inc. (NYSE:HCN) to BBB+ with a stable outlook from BBB. The report cites the company’s private pay portfolio in strong demographic areas and relationship investing strategy, ability to generate steady cash flow growth and improving credit metrics for the upgrade.
HCN is an S&P 500 company with headquarters in Toledo. The company is a real estate investment trust that invests across the full spectrum of seniors housing and health care real estate. The company also provides an extensive array of property management and development services.