(Source: Fitch Inc) 23 Nov 2015 1:04 PM EST Fitch Ratings-New York-23 November 2015: Fitch Ratings has assigned a 'BBB+' rating to the senior unsecured notes due 2022 issued by HCP, Inc. (NYSE: HCP). Net proceeds are expected to be used to repay outstanding balances on the revolving line of credit and/or the $500 million of 3.75% senior unsecured notes maturing in February 2016. KEY RATING DRIVERS The ratings reflect the issuer's traditionally conservative capitalization balanced by current tenant related headwinds. Fitch expects HCP can restore key credit metrics to past levels from the weaker end after the lease amendment with HCR ManorCare (HCR) over the next one-to-two years via organic...
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