Fitch Ratings has upgraded the credit ratings for Health Care REIT, Inc. (NYSE: HCN) as follows: --Issuer Default Rating (IDR) to 'BBB+' from 'BBB'; --$2.5 billion senior unsecured revolving credit facility to 'BBB+' from 'BBB'; --$715.5 million senior unsecured term loans to 'BBB+' from 'BBB'; --$6.9 billion senior unsecured notes to 'BBB+' from 'BBB'; --$216 million senior unsecured convertible notes to 'BBB+' from 'BBB'; --$1 billion preferred stock to 'BBB-' from 'BB+'. The Rating Outlook is Stable. KEY RATING DRIVERS The upgrade of HCN's IDR to 'BBB+' reflects the company's significant de-leveraging over the past year beyond Fitch's previous expectations to levels appropriate for a...
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