Fitch Affirms Sabra’s Credit Rating and Outlook

Rhea-AI Summary

Sabra Health Care REIT (Nasdaq: SBRA) has received an affirmation from Fitch Ratings with a 'BBB-' rating and a Stable Outlook. The affirmation highlights Sabra's robust liquidity, portfolio quality, and operational lease coverage. CEO Rick Matros emphasized that maintaining a strong balance sheet is integral to the company’s strategy and appreciates Fitch's recognition of their efforts. The full report can be accessed on Fitch's website.

Positive

• Fitch Ratings affirmed Sabra's 'BBB-' rating with a Stable Outlook.
• Strong liquidity and portfolio quality were highlighted in Fitch's report.
• Improving access to capital and operator lease coverage noted as strengths.

Negative

• None.

IRVINE, Calif.--(BUSINESS WIRE)-- Sabra Health Care REIT, Inc. (Nasdaq: SBRA) announced today that Fitch Ratings has affirmed the ratings for Sabra and its subsidiaries at 'BBB-'; Fitch’s Rating Outlook of Stable also remains unchanged.

Fitch’s report notes the rating reflects Sabra’s strong liquidity, portfolio quality and diversification, improving access to capital, and operator lease coverage. The full report can be found on Fitch’s website at www.fitchratings.com.

Commenting on the report, Rick Matros, CEO and Chair, said, “Having a strong balance sheet remains a key pillar of Sabra’s strategy and we are pleased this focus has been recognized in Fitch’s ratings and outlook affirmations.”

About Sabra

Sabra Health Care REIT, Inc., a Maryland corporation, operates as a self-administered, self-managed real estate investment trust (a "REIT") that, through its subsidiaries, owns and invests in real estate serving the healthcare industry throughout the United States and Canada.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220421005139/en/

Investor & Media Inquiries: 1-888-393-8248 or investorinquiries@sabrahealth.com

 

Source: Sabra Health Care REIT, Inc.

FAQ

What is Sabra Health Care REIT's current Fitch rating?

Sabra Health Care REIT is currently rated 'BBB-' by Fitch Ratings.

What does Fitch's Stable Outlook mean for SBRA?

Fitch's Stable Outlook indicates that Sabra's credit profile is expected to remain stable in the near term.

Why did Fitch Ratings affirm SBRA's rating?

Fitch affirmed SBRA's rating due to its strong liquidity, portfolio quality, and operator lease coverage.

Who commented on the Fitch rating affirmation?

Rick Matros, CEO and Chair of Sabra, commented on the Fitch rating affirmation.

Where can I find the full Fitch Ratings report for SBRA?

The full Fitch Ratings report can be found on Fitch's website.