Rating on Company’s Senior Notes Raised to BBB-
BIRMINGHAM, Ala.--(BUSINESS WIRE)--Dec. 1, 2014--
Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW)
today announced that Standard & Poor’s Ratings Services (“S&P”) has
upgraded the Company’s corporate credit rating to BB+ from BB, with a
stable outlook. In addition, the rating on the Company’s Senior Notes
was raised to BBB- from BB.
“Over the past year, we have successfully executed our strategy to
increase the size of our asset base and diversify our portfolio, which
has included enhancing our presence in Western Europe,” said Edward K.
Aldag, Jr., Chairman, President and CEO of Medical Properties Trust.
“The S&P upgrade demonstrates that our strategy to increase the scale
and diversification of our hospital portfolio is creating greater value
for our shareholders.”
About Medical Properties Trust, Inc.
Medical Properties Trust, Inc. is a Birmingham, Alabama based
self-advised real estate investment trust formed to capitalize on the
changing trends in healthcare delivery by acquiring and developing
net-leased healthcare facilities. MPT’s financing model allows hospitals
and other healthcare facilities to unlock the value of their underlying
real estate in order to fund facility improvements, technology upgrades,
staff additions and new construction. Facilities include acute care
hospitals, inpatient rehabilitation hospitals, long-term acute care
hospitals, and other medical and surgical facilities. For more
information, please visit the Company’s website at www.medicalpropertiestrust.com.
Source: Medical Properties Trust, Inc.
Medical Properties Trust, Inc.
Tim Berryman, 205-397-8589
Director
– Investor Relations
tberryman@medicalpropertiestrust.com