Sienna Senior Living Secures DBRS Credit Rating Upgrade
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Sienna Senior Living Inc. Announces DBRS Credit Rating Update
MARKHAM, Ontario — Sienna Senior Living Inc. (“Sienna” or the “Company”) (TSX: SIA) recently announced that Dominion Bond Rating Service (“DBRS”) has confirmed the Company’s BBB Issuer Rating and ratings on the Senior Unsecured Debentures. In addition, the trends of these ratings have been strengthened to “Stable” from “Negative.”
Significance of the Credit Rating Update
“We are pleased with the strengthening trend of our credit ratings, which will further enhance our ability to access capital at attractive terms,” said Nitin Jain, President and Chief Executive Officer. This rating update not only reflects the Company’s track record of consistently delivering strong financial results, driven by the incredible efforts of its team members, but also highlights the effectiveness of initiatives in improving operating platforms. Additionally, it is further supported by the favorable demographics in Canadian senior living.
About Sienna Senior Living
Sienna Senior Living Inc. (TSX:SIA) offers a comprehensive range of senior living options, including independent living, assisted living, and memory care under its Aspira retirement brand, alongside long-term care and specialized programs and services. With approximately 12,500 employees, Sienna is dedicated to cultivating happiness in daily life.
Commitment to Excellence
Sienna has adopted various initiatives to enhance its operational performance, ensuring a high quality of care and service delivery to its residents. The Company’s commitment to staff training, modern facility upgrades, and introducing innovative care programs are testaments to its focus on excellence in senior living.
Leadership and Contact Information
Sienna Senior Living is guided by a leadership team dedicated to overseeing operational excellence and strategic growth. For inquiries regarding the Company or its services, you can contact:
Key Contacts
David Hung
Chief Financial Officer and Executive Vice President
(905) 489-0258
david.hung@siennaliving.ca
Nancy Webb
Senior Vice President, Public Affairs and Marketing
(905) 489-0788
nancy.webb@siennaliving.ca
Frequently Asked Questions
What was the recent credit rating update for Sienna Senior Living?
Sienna Senior Living Inc. received a confirmation of its BBB Issuer Rating from DBRS, with the rating trend upgraded to “Stable.”
Who is the CEO of Sienna Senior Living?
Nitin Jain is the President and Chief Executive Officer of Sienna Senior Living Inc.
What services does Sienna Senior Living offer?
Sienna provides a range of senior living options, including independent living, assisted living, memory care, and long-term care services.
How many employees work at Sienna Senior Living?
Sienna Senior Living has approximately 12,500 employees committed to providing high-quality care and support for residents.
How can I contact Sienna Senior Living for more information?
You can reach out to David Hung or Nancy Webb using the provided corporate contact information for inquiries about Sienna Senior Living's services or other matters.
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