other material
confidence high
sentiment positive
materiality 0.75
EPR Properties receives investment grade rating from S&P with 'BBB-' and stable outlook
EPR PROPERTIES
- S&P assigned 'BBB-' issuer-level credit rating on unsecured debt with stable outlook.
- Moody's previously affirmed 'Baa3' with negative outlook; EPR now has IG from both agencies.
- Subsidiary guarantees under certain debt agreements may be released as a result.
- CEO Greg Silvers stated IG ratings expand access to capital at competitive rates.