Hunt-Valley, Md.-based REIT Omega Healthcare Investors Inc. is the largest owner of skilled nursing facilities (SNFs) in the U.S., with approximately $7.9 billion in undepreciated real estate investments. We are raising our corporate credit rating on Omega to 'BBB-' from 'BB+', driven by the company's improved competitive position following the integration of the Aviv acquisition. The stable outlook reflects our view that cash flows from Omega's triple-net leased properties will be stable, and tenant-level rent coverage will remain relatively flat in a generally unchanged reimbursement environment. On Sept. 22, 2015, Standard&Poor's Ratings Services raised its corporate credit rating on Omega Healthcare Investors Inc. to 'BBB-' from 'BB+'. The outlook is stable. The issue-level rating on the company's senior
