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Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Welltower Inc. New York, July 25, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Welltower Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
MISSISSAUGA, ON , April 1, 2019 /CNW/ - CHARTWELL Retirement Residences ("Chartwell") (CSH-UN.TO) announced today the opening of The Sumach by Chartwell in downtown Toronto , Ontario. This project was completed in partnership with the Daniels Corporation and Welltower Inc. and marks the third Chartwell residence to open so far in 2019. The Sumach by Chartwell is an independent living residences in the heart of the revitalized Regent Park neighbourhood of Toronto . The residence is surrounded by high-quality public amenities, keeping residents connected to valued lifestyle interests while encouraging reciprocal interaction with the local community.
Moody's Investors Service ("Moody's") assigned a P-2 short-term rating to Welltower Inc. (Welltower). Concurrently, Moody's also affirmed all of the existing ratings of Welltower Inc., including the REIT's Baa1 senior unsecured debt rating.