Sienna Senior Living Inc T.SIA

Credit Rating NR

[TimeBuilder]

Sienna Maintains DBRS Ratings of "BBB" with Stable Trends

GlobeNewswire - Thu Oct 7, 8:00AM CDT

 

Sienna Senior Living Inc. ("Sienna" or the "Company") (TSX: SIA) announced the confirmation by DBRS of the Company's Issuer Rating and Senior Unsecured Debentures rating of "BBB" with Stable trends.

"We are pleased to have maintained our credit ratings," said Nitin Jain, President & CEO. "These ratings underscore Sienna's resiliency and the strength of the Company's balance sheet and operations, which supported our tireless efforts throughout the pandemic. Our strong balance sheet will support Sienna's $600 million redevelopment plan to modernize our older long-term care communities in Ontario, as well as our development and growth initiatives across our retirement portfolio and Sienna platform."

[logicandinertia]

text from DBRS release: "DBRS Limited (DBRS Morningstar) confirmed Sienna Senior Living Inc.'s (Sienna or the Company) Issuer Rating and Senior Unsecured Debentures rating of BBB. All trends are Stable. The rating confirmations are based on Sienna’s position as a leading provider of seniors housing across the continuum of care in Canada, high-quality portfolio of retirement and long