Sienna Senior Living Inc. Maintains DBRS Issuer Rating of “BBB” with Stable Trend
MARKHAM, Ontario, Sept. 14, 2020 (GLOBE NEWSWIRE) — Sienna Senior Living Inc. (“Sienna” or the “Company”) (TSX: SIA) announced the confirmation by DBRS of the Company’s Issuer Rating of “BBB” with a “Stable” trend and an A (low) Rating for the 3.474% Series B Senior Secured Debentures maturing on February 3, 2021 issued by Leisureworld Senior Care LP, a wholly-owned subsidiary of the Company.
“We are pleased to have maintained our credit ratings amid a global pandemic,” said Nitin Jain, President & CEO. “This is a testament to Sienna’s strong fundamentals and balance sheet, our dedicated team and clear vision for Sienna’s path forward and the continued government support for our sector.”Forward-Looking Information
Certain of the statements contained in this news release are forward-looking statements and are provided for the purpose of presenting information about management’s current expectations and plans relating to the future. Readers are cautioned that such statements may not be appropriate for other purposes. These statements generally use forward-looking words, such as “anticipate,” “continue,” “could,” “expect,” “may,” “will,” “estimate,” “believe,” “goals” or other similar words. These statements are subject to significant known and unknown risks and uncertainties that may cause actual results or events to differ materially from those expressed or implied by such statements and, accordingly, should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. The forward-looking statements in this news release are based on information currently available and what management currently believes are reasonable assumptions. The Company does not undertake any obligation to publicly update or revise any forward-looking statements except as may be required by applicable law.About Sienna Senior Living
Sienna Senior Living Inc. (TSX:SIA) offers a full range of seniors’ living options, including independent living, assisted living, long-term care, and specialized programs and services. Sienna’s approximately 13,000 employees are passionate about helping residents live fully every day. For more information, please visit www.siennaliving.ca.FOR FURTHER INFORMATION, PLEASE CONTACT:Karen Hon
Chief Financial Officer and Senior Vice President
Senior Vice President, Public Affairs and Marketing