Business
Welltower's Credit Rating Upgraded by S&P Global Ratings to 'A-' and by Moody's Investor Services to 'A3'
Welltower Inc. (NYSE: WELL) (the "Company") today announced that S&P Global Ratings ("S&P") and Moody's Investor Service, Inc. ("Moody's") raised their credit ratings related to the Company to "A-" with a stable outlook and to "A3" with a stable outlook, respectively.
About this update from Welltower Inc.
[{"type":"text","content":"TOLEDO, Ohio, March 31, 2025 /PRNewswire/ -- Welltower Inc. (NYSE: WELL) (the "Company") today announced that S&P Global Ratings ("S&P") and Moody's Investor Service, Inc. ("Moody's") raised their credit ratings related to the Company to "A-" with a stable outlook and to "A3" with a stable outlook, respectively.","length":379,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Welltower)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Welltower)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":281,"url":"https://media.zenfs.com/en/prnewswire.com/3a49d35254a388443c965fa361f41783"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/VCMjekcgoRL.4g21e62Y2w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ5NTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/3a49d35254a388443c965fa361f41783","width":400,"height":281}},"href":"https://mma.prnewswire.com/media/2632202/Welltower_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"In its note, S&P cited Welltower's continued benefit from robust industry tailwinds and the material strengthening of its balance sheet as drivers of the ratings upgrade. S&P also expects strong operating performance to drive additional improvement to credit metrics over the next two years, driven by beneficial industry supply and demand dynamics along with Welltower's superior operating platform, providing a competitive advantage relative to peers.","length":469,"tagName":"p"},{"type":"text","content":"Additionally, Moody's highlighted Welltower's improvement in leverage over the past year, partially driven by strong revenue and earnings growth. Moody's expects Welltower to benefit from an acceleration in the growth of the ageing population and an expansion in Welltower's addressable market, leading to the Company meeting or exceeding growth guidance and further strengthening its financial metrics.","length":419,"tagName":"p"},{"type":"text","content":""We are pleased with the recognition of Welltower's balance sheet strength and operational excellence by both S&P and Moody's," commented Tim McHugh, Welltower's Co-President and CFO. "Alongside tactical funding of capital deployment, the improving fundamentals of our busin...