IRVINE, Calif., Jan. 9, 2019 /PRNewswire/ -- HCP, Inc.
(NYSE: HCP) today announced that Moody's Investors Service
("Moody's") upgraded HCP's corporate credit rating to Baa1 from
Baa2, with a stable outlook.
Moody's noted the ratings upgrade reflects HCP's successful
portfolio repositioning, resulting in improved asset quality and
reduced leverage.
"Moody's rating upgrade recognizes the significant improvements
we have made to our portfolio and balance sheet over the last two
years," said Pete Scott, HCP's Chief
Financial Officer.
About HCP
HCP, Inc. is a fully integrated real estate investment trust
(REIT) that invests in real estate serving the healthcare industry
in the United States. HCP
owns a large-scale portfolio primarily diversified across life
science, medical office and senior housing. Recognized as a
global leader in sustainability, HCP has been a publicly-traded
company since 1985 and was the first healthcare REIT selected to
the S&P 500 index. For more information regarding HCP,
visit www.hcpi.com.
Contact
Andrew Johns
Vice President – Finance and Investor Relations
(949) 407-0400
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SOURCE HCP, Inc.
