Sienna Maintains DBRS Ratings of “BBB” with Stable Trends
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.”