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Showing posts from June 6, 2019

AI Credit Rating D/A - OxAM Quant Fund (International) Ltd (0001577122) (Filer) Score: 71

D/A - OxAM Quant Fund (International) Ltd (0001577122) (Filer) AI credit rating value 71 Beta DRL value REG 22 Rational Demand Factor LD 3070.3596 AI check at Fri Jun 07 2019 12:57:30 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

AI Credit Rating 6-K - RYANAIR HOLDINGS PLC (0001038683) (Filer) Score: 71

6-K - RYANAIR HOLDINGS PLC (0001038683) (Filer) AI credit rating value 71 Beta DRL value REG 38 Rational Demand Factor LD 3070.3596 AI check at Fri Jun 07 2019 12:47:31 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

AI Credit Rating 8-K - STEWARDSHIP FINANCIAL CORP (0001023860) (Filer) Score: 78

8-K - STEWARDSHIP FINANCIAL CORP (0001023860) (Filer) AI credit rating value 78 Beta DRL value REG 15 Rational Demand Factor LD 3070.3596 AI check at Fri Jun 07 2019 12:37:31 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

AI Credit Rating 6-K - BP PLC (0000313807) (Filer) Score: 73

6-K - BP PLC (0000313807) (Filer) AI credit rating value 73 Beta DRL value REG 29 Rational Demand Factor LD 3070.3596 AI check at Fri Jun 07 2019 12:27:31 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

AI Credit Rating 6-K - MiX Telematics Ltd (0001576914) (Filer) Score: 71

6-K - MiX Telematics Ltd (0001576914) (Filer) AI credit rating value 71 Beta DRL value REG 46 Rational Demand Factor LD 3070.3596 AI check at Fri Jun 07 2019 12:17:31 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

AI Credit Rating DEFA14A - TRIUMPH GROUP INC (0001021162) (Filer) Score: 71

DEFA14A - TRIUMPH GROUP INC (0001021162) (Filer) AI credit rating value 71 Beta DRL value REG 15 Rational Demand Factor LD 3070.3596 AI check at Fri Jun 07 2019 12:07:31 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

The Co-operative Bank RMBS Trust Series 2019-1 Prime RMBS Assigned Rating

MELBOURNE (S&P Global Ratings) June 7, 2019--S&P Global Ratings today assigned a rating to one of the two classes of prime residential mortgage-backed securities (RMBS) issued by The New Zealand Guardian Trust Co. Ltd. as trustee for The Co-operative Bank RMBS Trust Series 2019-1 (see list). The 'AAA (sf)' rating on the class A notes reflects: Our view of the credit risk of the underlying collateral portfolio, including the fact that this is a closed portfolio, which means no further loans will be assigned to the trust after the closing date. Our view that the credit support is sufficient to withstand the stresses we apply. This credit support comprises note subordination for the class A notes. Our expectation that the various mechanisms to support liquidity within the transaction, including a liquidity reserve equal to 1.2% of the aggregate principal outstanding of all loans, and the principal draw function are sufficient under our stress assumptions to

Eros International Preliminary Ratings Withdrawn

SINGAPORE (S&P Global Ratings) June 7, 2019--S&P Global Ratings today withdrew its preliminary 'B+' issuer credit rating on Eros International Plc. We assigned the preliminary rating to Eros on April 11, 2019, based on the company's proposed issuance of senior unsecured notes to refinance its existing debt facilities. However, the company has not issued the notes within the time frame we expected. As a result, we are withdrawing our preliminary rating.

AI Credit Rating 3 - Revolve Group, LLC (0001746618) (Issuer) Score: 74

3 - Revolve Group, LLC (0001746618) (Issuer) AI credit rating value 74 Beta DRL value REG 31 Rational Demand Factor LD 3070.3596 AI check at Fri Jun 07 2019 03:57:31 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

AI Credit Rating 4 - DOMO, INC. (0001505952) (Issuer) Score: 77

4 - DOMO, INC. (0001505952) (Issuer) AI credit rating value 77 Beta DRL value REG 30 Rational Demand Factor LD 3070.3596 AI check at Fri Jun 07 2019 03:37:30 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

AI Credit Rating 4 - Witney Frank (0001455312) (Reporting) Score: 73

4 - Witney Frank (0001455312) (Reporting) AI credit rating value 73 Beta DRL value REG 12 Rational Demand Factor LD 3070.3596 AI check at Fri Jun 07 2019 03:27:31 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

AI Credit Rating 4 - Rosenbaum David P. (0001611311) (Reporting) Score: 77

4 - Rosenbaum David P. (0001611311) (Reporting) AI credit rating value 77 Beta DRL value REG 17 Rational Demand Factor LD 3070.3596 AI check at Fri Jun 07 2019 03:17:31 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

AI Credit Rating 4 - North Michael Paul (0001689925) (Reporting) Score: 77

4 - North Michael Paul (0001689925) (Reporting) AI credit rating value 77 Beta DRL value REG 19 Rational Demand Factor LD 3070.3596 AI check at Fri Jun 07 2019 03:07:30 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

AI Credit Rating 3 - TODD BRADLEY ALLEN (0001779101) (Reporting) Score: 75

3 - TODD BRADLEY ALLEN (0001779101) (Reporting) AI credit rating value 75 Beta DRL value REG 20 Rational Demand Factor LD 3070.3596 AI check at Fri Jun 07 2019 02:57:31 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

AI Credit Rating 4 - Eng Julie Sheridan (0001661122) (Reporting) Score: 74

4 - Eng Julie Sheridan (0001661122) (Reporting) AI credit rating value 74 Beta DRL value REG 43 Rational Demand Factor LD 3070.3596 AI check at Fri Jun 07 2019 02:47:31 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

Meadville, PA’s 2013 Series C Bond Rating Reinstated At 'A+'

CHICAGO (S&P Global Ratings) June 6, 2019--S&P Global Ratings corrected by reinstating its 'A+' rating on Meadville, Pa.'s 2013 series C taxable general obligation (GO) bonds. The outlook is stable. On April 16, 2019, these bonds were inadvertently marked as fully redeemed and withdrawn due to an administrative error.

AI Credit Rating 3 - TODD BRADLEY ALLEN (0001779101) (Reporting) Score: 72

3 - TODD BRADLEY ALLEN (0001779101) (Reporting) AI credit rating value 72 Beta DRL value REG 21 Rational Demand Factor LD 3070.3596 AI check at Fri Jun 07 2019 02:27:30 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

AI Credit Rating 4 - Sebelius Kathleen (0001654316) (Reporting) Score: 77

4 - Sebelius Kathleen (0001654316) (Reporting) AI credit rating value 77 Beta DRL value REG 35 Rational Demand Factor LD 3070.3596 AI check at Fri Jun 07 2019 02:17:31 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

AI Credit Rating 3 - TODD BRADLEY ALLEN (0001779101) (Reporting) Score: 76

3 - TODD BRADLEY ALLEN (0001779101) (Reporting) AI credit rating value 76 Beta DRL value REG 37 Rational Demand Factor LD 3070.3596 AI check at Fri Jun 07 2019 01:57:31 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

AI Credit Rating 4 - ADKERSON RICHARD C (0001200685) (Reporting) Score: 74

4 - ADKERSON RICHARD C (0001200685) (Reporting) AI credit rating value 74 Beta DRL value REG 21 Rational Demand Factor LD 3070.3596 AI check at Fri Jun 07 2019 01:47:31 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

AI Credit Rating 4 - Beraud Jill (0001520061) (Reporting) Score: 76

4 - Beraud Jill (0001520061) (Reporting) AI credit rating value 76 Beta DRL value REG 14 Rational Demand Factor LD 3070.3596 AI check at Fri Jun 07 2019 01:37:31 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

AI Credit Rating 4 - Ingulli Alfred F. (0001493804) (Reporting) Score: 74

4 - Ingulli Alfred F. (0001493804) (Reporting) AI credit rating value 74 Beta DRL value REG 16 Rational Demand Factor LD 3070.3596 AI check at Fri Jun 07 2019 01:27:31 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

AI Credit Rating 3 - SHENOY SHWETHA P (0001778656) (Reporting) Score: 76

3 - SHENOY SHWETHA P (0001778656) (Reporting) AI credit rating value 76 Beta DRL value REG 37 Rational Demand Factor LD 3070.3596 AI check at Fri Jun 07 2019 01:17:31 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

AI Credit Rating 4 - O'Brien Brandon (0001754499) (Reporting) Score: 74

4 - O'Brien Brandon (0001754499) (Reporting) AI credit rating value 74 Beta DRL value REG 30 Rational Demand Factor LD 3070.3596 AI check at Fri Jun 07 2019 01:07:31 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

AI Credit Rating 4 - Macri Edmond (0001620023) (Reporting) Score: 75

4 - Macri Edmond (0001620023) (Reporting) AI credit rating value 75 Beta DRL value REG 29 Rational Demand Factor LD 3070.3596 AI check at Fri Jun 07 2019 00:57:31 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

AI Credit Rating 4 - LITTLE MITCHELL R (0001181941) (Reporting) Score: 77

4 - LITTLE MITCHELL R (0001181941) (Reporting) AI credit rating value 77 Beta DRL value REG 12 Rational Demand Factor LD 3070.3596 AI check at Fri Jun 07 2019 00:47:31 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

KNB Holdings Corp. Outlook Revised To Negative On Tariff Pressures And Uncertainty; 'B' Ratings Affirmed

U.S-based KNB Holdings Corp.'s credit measures have weakened significantly over the past six months, primarily as result of U.S import tariffs on China, which have raised input costs and resulted in adverse retail demand trends for the company's products. Additional tariffs imposed by the U.S. on goods imported from China could lead to lower EBITDA and leverage sustained above 7x and minimal free cash flow generation through the year. We are revising our outlook to negative from stable. At the same time, we are affirming all ratings, including our 'B' issuer credit rating on the company and our 'B' issue-level rating on its senior secured first-lien term loan. The recovery rating on the loan is '3', reflecting our expectation for meaningful (50%-70%; rounded estimate: 55%) recovery for the first-lien loan holders in our simulated default scenario. The negative outlook reflects the risk that we could lower the ratings over the next 12 months if perfor

Boise Independent School District, ID's Series 2019 GO Bonds Assigned 'AA' Rating

CENTENNIAL (S&P Global Ratings) June 6, 2019--S&P Global Ratings assigned its 'AA' long-term rating to Boise Independent School District, Idaho's series 2019 general obligation (GO) bonds. At the same time, S&P Global Ratings affirmed its 'AA' long-term rating and underlying rating on the district's GO bonds outstanding. The outlook is stable. "The stable outlook reflects our view that the district's good financial management policies and financial flexibility, due to its charter status, will continue to support its strong financial profile," said S&P Global Ratings credit analyst Angel Bacio. "The outlook also reflects our view of the district's participation in the greater Boise metropolitan statistical area and low debt levels." The district's full faith and credit pledge to levy an unlimited-ad valorem tax to repay bond debt service secures the bonds. We understand that the proceeds from the sale of the bo

Elk City Industrial Authority, OK Sales Tax Revenue Bonds Assigned 'A' Rating

CENTENNIAL (S&P Global Ratings) June 6, 2019--S&P Global Ratings assigned its 'A' long-term rating to the Elk City Industrial Authority, Okla.'s series 2019 sales tax revenue bonds, issued on behalf of Elk City. The outlook is stable. Proceeds will be used to fund various park, recreational, and cultural facilities, including but not limited to construction of an indoor activity center, athletic field turf replacement, construction of an aquatic center, and park improvements. "The 'A' rating reflects our view of the city's adequate economy, adequate-to-strong coverage, and low-to-moderate revenue volatility," said S&P Global Ratings credit analyst Katelyn Kerley. The stable outlook reflects our expectation that collections will continue to provide strong debt service coverage.

AI Credit Rating 4 - Wendt Brett M (0001755170) (Reporting) Score: 72

4 - Wendt Brett M (0001755170) (Reporting) AI credit rating value 72 Beta DRL value REG 12 Rational Demand Factor LD 3070.3596 AI check at Fri Jun 07 2019 00:37:31 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

AI Credit Rating 4 - ADESTO TECHNOLOGIES Corp (0001395848) (Issuer) Score: 74

4 - ADESTO TECHNOLOGIES Corp (0001395848) (Issuer) AI credit rating value 74 Beta DRL value REG 44 Rational Demand Factor LD 3070.3596 AI check at Fri Jun 07 2019 00:27:30 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

AI Credit Rating 4 - CHEN STEPHEN T (0001257171) (Reporting) Score: 74

4 - CHEN STEPHEN T (0001257171) (Reporting) AI credit rating value 74 Beta DRL value REG 19 Rational Demand Factor LD 3070.3596 AI check at Fri Jun 07 2019 00:17:30 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

AI Credit Rating 4 - Young Scrivner Annie (0001472082) (Reporting) Score: 74

4 - Young Scrivner Annie (0001472082) (Reporting) AI credit rating value 74 Beta DRL value REG 18 Rational Demand Factor LD 3070.3596 AI check at Fri Jun 07 2019 00:07:31 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

Ratings Affirmed On Six COMM 2016-667M Mortgage Trust Classes

We affirmed our ratings on six classes from COMM 2016-667M Mortgage Trust, a U.S. CMBS transaction. The affirmations reflect our analysis of the collateral's credit characteristics and performance, as well as the transaction's structure and the liquidity available to the trust. NEW YORK (S&P Global Ratings) June 6, 2019--S&P Global Ratings today affirmed its ratings on six classes of commercial mortgage pass-through certificates from COMM 2016-667M Mortgage Trust, a U.S. commercial mortgage-backed securities (CMBS) transaction (see list). For the affirmations on the principal- and interest-paying classes, our credit enhancement expectation was in line with the affirmed rating levels. We affirmed our rating on the class X-A interest-only (IO) certificates based on our criteria for rating IO securities, in which the rating on the IO security would not be higher than that of the lowest rated reference class. Class X-A's notional amount references clas

AI Credit Rating 4 - Noch Jake P. (0001777732) (Reporting) Score: 71

4 - Noch Jake P. (0001777732) (Reporting) AI credit rating value 71 Beta DRL value REG 32 Rational Demand Factor LD 3070.3596 AI check at Thu Jun 06 2019 23:57:31 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

Hancock, MI GO Debt Outlook Revised To Negative Due To Rainstorm Damage That Could Strain Reserves

NEW YORK (S&P Global Ratings) June 6, 2019--S&P Global Ratings revised its outlook to negative from stable and affirmed its 'A' underlying rating on Hancock, Mich.'s series 2015 limited-tax general obligation (GO) refunding bonds. "The revised outlook reflects our opinion that the city could face economic and fiscal challenges as it continues its recovery efforts after it was hit by a massive rain storm in June 2018," said S&P Global Ratings credit analyst Moreen Skyers-Gibbs. The city suffered over $2 million in damages, primarily road infrastructure, but it was fully reimbursed by the Federal Emergency Management Agency (FEMA) and the state. However, Hancock had to provide a 20% ($500,000) match toward the Federal Highway Administration (FHWA) to fund its reconstruction efforts. Given its currently thin reserves, it opted to cover this with a five-year loan from the state. The first payment is due April 2020. "We do not believe that the cit

Jonah Energy LLC Downgraded To 'CCC+' From 'B' On Weakening Cash Flows; Outlook Negative

We expect U.S.-based oil and gas exploration and production (E&P) company Jonah Energy LLC's cash flow to decline year-over-year as favorable natural gas hedges roll off, and reduced capital spending leads to flat to declining production over the next 12 months. The yield on the Jonah's senior notes has increased, resulting in a significant discount to par, which we believe reflects the market's reaction to weak natural gas prices and roll-off of favorable hedges. We are lowering the issuer credit rating on Jonah to 'CCC+' from 'B'. We are also lowering the issue-level rating on the company's unsecured debt to 'B-' from 'B+' with a '2' recovery rating, and the issue-level rating on the company's credit facility to 'B' from 'BB-' with a '1' recovery rating. The negative outlook reflects our expectation that financial measures, liquidity, and market signals could weaken over the next 12 months as

AI Credit Rating 4 - Shutterstock, Inc. (0001549346) (Issuer) Score: 78

4 - Shutterstock, Inc. (0001549346) (Issuer) AI credit rating value 78 Beta DRL value REG 48 Rational Demand Factor LD 3070.3596 AI check at Thu Jun 06 2019 23:47:31 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

AI Credit Rating 4 - Manuel Anja (0001708846) (Reporting) Score: 72

4 - Manuel Anja (0001708846) (Reporting) AI credit rating value 72 Beta DRL value REG 32 Rational Demand Factor LD 3070.3596 AI check at Thu Jun 06 2019 23:37:31 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

LCM 29 Ltd./LCM 29 LLC Notes Assigned Ratings

LCM 29 Ltd./LCM 29 LLC's issuance is a CLO transaction backed primarily by broadly syndicated speculative-grade senior secured term loans. We assigned our ratings to the class X, A-1, B, C, D, and E notes. The ratings reflect the transaction's diversified collateral pool, credit enhancement, and legal structure, among other factors. CENTENNIAL (S&P Global Ratings) June 6, 2019--S&P Global Ratings today assigned ratings to LCM 29 Ltd./LCM 29 LLC's floating-rate notes (see list). The note issuance is a collateralized loan obligation transaction backed primarily by broadly syndicated speculative-grade (rated 'BB+' and lower) senior secured term loans that are governed by collateral quality tests. The ratings reflect: The diversified collateral pool. The credit enhancement provided through the subordination of cash flows, excess spread, and overcollateralization. The experience of the collateral manager's team, which can affect the perf

Elevate Textiles Inc. Outlook Revised To Negative As Global Trade Disputes Fester; Ratings Affirmed

Disputes in global trade, including the possibility of additional tariffs, is pressuring the Chinese and Mexican operations of North Carolina-based Elevate Textiles Inc. As a result, we expect the company will continue to face revenue and margin pressures, and we project the company's free operating cash flow (FOCF) weakening to around $10 million in 2019. We revised our ratings outlook to negative from stable, while affirming all ratings on the company, including the 'B' issuer credit rating. The negative outlook reflects that we could lower our ratings if tariffs are enacted on imported Mexican goods and ongoing customer losses in China lead to weaker operating performance, negative FOCF, and leverage sustained above 7x. CHICAGO (S&P Global Ratings) June 6, 2019—S&P Global Ratings today took the rating actions listed above. The outlook revision reflects the risk that the company's credit metrics and cash flow could weaken from our base case projections,

AI Credit Rating 3 - EVANS BRANDON THOMAS (0001778642) (Reporting) Score: 71

3 - EVANS BRANDON THOMAS (0001778642) (Reporting) AI credit rating value 71 Beta DRL value REG 14 Rational Demand Factor LD 3070.3596 AI check at Thu Jun 06 2019 23:27:31 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

AI Credit Rating 424B3 - CIM Commercial Trust Corp (0000908311) (Filer) Score: 78

424B3 - CIM Commercial Trust Corp (0000908311) (Filer) AI credit rating value 78 Beta DRL value REG 18 Rational Demand Factor LD 3070.3596 AI check at Thu Jun 06 2019 23:17:31 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

99 Cents Only Stores LLC Downgraded To 'CC' From 'CCC+' On Announcement Of Distressed Exchange, Outlook Negative

99 Cents Only Stores LLC has reached an agreement with its financial sponsors, Ares Management and Canada Pension Plan Investment Board (CPPIB), and a majority of the holders of its second-lien term loan and secured notes facilities (both unrated) to execute a debt exchange for its common and preferred equity. Therefore, we are lowering our issuer credit rating on the company to 'CC' from 'CCC+' because we view the proposed transaction for the secured notes as a distressed exchange that offers the debtholders less than they were originally promised. Our 'CCC+' issue-level rating and '3' recovery on 99 Cents Only Stores' first-lien debt and our 'CCC-' issue-level rating and '6' recovery rating on its unsecured notes are unaffected because they are not subject to the exchange offer. The negative outlook reflects the likelihood that we will lower our rating on 99 Cents Only Stores to 'SD' (selective default) upon the completi

AI Credit Rating 4 - Pacira BioSciences, Inc. (0001396814) (Issuer) Score: 76

4 - Pacira BioSciences, Inc. (0001396814) (Issuer) AI credit rating value 76 Beta DRL value REG 42 Rational Demand Factor LD 3070.3596 AI check at Thu Jun 06 2019 23:07:33 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

AI Credit Rating CERT - AIR T INC (0000353184) (Filer) Score: 74

CERT - AIR T INC (0000353184) (Filer) AI credit rating value 74 Beta DRL value REG 13 Rational Demand Factor LD 3070.3596 AI check at Thu Jun 06 2019 22:57:31 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

Niagara Park CLO Ltd./Niagara Park CLO LLC Notes Assigned Preliminary Ratings

Niagara Park CLO Ltd./Niagara Park CLO LLC's issuance is a CLO transaction backed by a diversified collateral pool, which consists primarily of broadly syndicated speculative-grade senior secured term loans that are governed by collateral quality tests. We assigned our preliminary ratings to the class B, C, D, and E notes. The preliminary ratings reflect our view of the transaction's legal structure, the collateral manager's experienced team, and the credit enhancement, among other factors. NEW YORK (S&P Global Ratings) June 6, 2019--S&P Global Ratings today assigned its preliminary ratings to Niagara Park CLO Ltd./Niagara Park CLO LLC's floating-rate notes (see list). The note issuance is a collateralized loan obligation (CLO) transaction backed by a diversified collateral pool, which consists primarily of broadly syndicated speculative-grade senior secured term loans that are governed by collateral quality tests. The preliminary ratings are

AI Credit Rating 4 - MUEHL DANIEL W (0001283569) (Reporting) Score: 74

4 - MUEHL DANIEL W (0001283569) (Reporting) AI credit rating value 74 Beta DRL value REG 41 Rational Demand Factor LD 3070.3596 AI check at Thu Jun 06 2019 22:47:31 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

LB Commercial Mortgage Trust 2007-C3 Rating Lowered On One Class, Affirmed On Two

We reviewed our ratings on LB Commercial Mortgage Trust 2007-C3, a U.S. CMBS transaction. We lowered our rating on class B and affirmed our ratings on classes A-J and A-JFL. These rating actions reflect our analysis of the transaction, which included a review of the credit characteristics and performance of the remaining assets in the pool, the transaction's structure, and the liquidity available to the trust. NEW YORK (S&P Global Ratings) June 6, 2019--S&P Global Ratings today lowered its rating on the class B commercial mortgage pass-through certificates from LB Commercial Mortgage Trust 2007-C3, a U.S. commercial mortgage-backed securities (CMBS) transaction. In addition, we affirmed our ratings on classes A-J and A-JFL from the same transaction (see list). The downgrade on class B reflects its susceptibility to liquidity interruption from the four specially serviced assets ($163.6 million, 84.3%), as well as credit support erosion that we anticipate wi

AI Credit Rating 424B5 - ALLSTATE CORP (0000899051) (Filer) Score: 76

424B5 - ALLSTATE CORP (0000899051) (Filer) AI credit rating value 76 Beta DRL value REG 20 Rational Demand Factor LD 3070.3596 AI check at Thu Jun 06 2019 22:37:31 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

Ratings Assigned To Five Classes From Madison Park Funding X Ltd. In Connection With Refinancing

Madison Park Funding X Ltd. refinanced its class A-R, B-R, C-R, D-R, and E-R notes on June 6, 2019, through an optional redemption and replacement note issuance. We withdrew our ratings on the original A-R, B-R, C-R, D-R, and E-R notes following payment in full on the June 6, 2019, refinancing date. After analyzing the changes to the transaction, we assigned our ratings to the replacement A-R-2, B-R-2, C-R-2, D-R-2, and E-R-2 notes. The assigned ratings reflect our opinion that the credit support available is commensurate with the associated rating levels. CENTENNIAL (S&P Global Ratings) June 6, 2019--S&P Global Ratings today assigned its ratings to the class A-R-2, B-R-2, C-R-2, D-R-2, and E-R-2 replacement notes from Madison Park Funding X Ltd., a collateralized loan obligation (CLO) originally issued in 2012 that is managed by Credit Suisse Asset Management LLC. We withdrew our ratings on the original class A-R, B-R, C-R, D-R, and E-R notes following payment

AI Credit Rating 4 - Fibig Andreas (0001514412) (Reporting) Score: 72

4 - Fibig Andreas (0001514412) (Reporting) AI credit rating value 72 Beta DRL value REG 27 Rational Demand Factor LD 3070.3596 AI check at Thu Jun 06 2019 22:27:33 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

Nashville Electric Service, TN Debt Rating Lowered To 'AA' On Criteria Application

NEW YORK (S&P Global Ratings) June 6, 2019--S&P Global Ratings lowered its long-term rating to 'AA' from 'AA+' on Nashville & Davidson County Metropolitan Government, Tenn.'s electric system revenue debt, issued for Nashville Electric Service (NES). The outlook is stable. "The downgrade reflects the application of our 'U.S. Municipal Retail Electric And Gas Utilities: Methodology And Assumptions," said S&P Global Ratings credit analyst Scott Sagen. The criteria were published on Sept. 27, 2018, on RatingsDirect. While we consider the system's fixed-charge coverage metrics to be strong, under our revised criteria we believe these metrics no longer support the prior rating. Despite the recent improvement in fixed-charge coverage for fiscal 2018, we do not anticipate coverage improving further to support a higher rating due to the system's additional debt needs. The electric system had $642 million in total revenue debt outsta

Rent-A-Center Inc. Upgraded To 'B' On Performance Improvement And Expected Refinancing; Outlook Positive

Plano, Texas-based rent-to-own retailer Rent-A-Center Inc.'s (RCII) performance continues to improve, and we expect margin expansion to result in modest further deleveraging. We raised the issuer credit rating on RCII to 'B' from 'B-' and revised the outlook to positive. Concurrently, we raised the issue-level ratings on the company's senior unsecured notes to 'B'. The recovery rating remains '3'. The positive outlook reflects our expectation for good performance and cash flow generation to continue, and a successful refinancing of the capital structure. NEW YORK (S&P Global Ratings) June 6, 2019-- S&P Global Ratings today took the rating actions listed above. The upgrade reflects continued improvement in performance, including positive comparable sales and margin expansion, leading to our expectation for modest deleveraging over the next 12 months and improved stability in the business after substantial volatility over the past fe

AI Credit Rating 8-K - DEVON ENERGY CORP/DE (0001090012) (Filer) Score: 71

8-K - DEVON ENERGY CORP/DE (0001090012) (Filer) AI credit rating value 71 Beta DRL value REG 41 Rational Demand Factor LD 3070.3596 AI check at Thu Jun 06 2019 22:17:32 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

AI Credit Rating 8-K - IMAX CORP (0000921582) (Filer) Score: 77

8-K - IMAX CORP (0000921582) (Filer) AI credit rating value 77 Beta DRL value REG 18 Rational Demand Factor LD 3070.3596 AI check at Thu Jun 06 2019 22:07:33 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

Affinity Gaming Downgraded To 'B-' From 'B' On Weak Operating Performance; Outlook Stable

We have lowered our 2019 EBITDA forecast for U.S. gaming operator Affinity Gaming and now expect leverage to be sustained above our 6.5x downgrade threshold at the 'B' rating level. We expect this period of high leverage will continue into 2020. S&P Global Ratings is thus lowering its issuer credit rating on Affinity to 'B-' from 'B'. At the same time, we are lowering our issue-level rating on the company's senior secured credit facility to 'B' from 'B+', and our issue-level rating on the company's second-lien term loan to 'CCC' from 'CCC+'. The stable ratings outlook reflects our belief that despite high leverage, Affinity has a path forward to deleveraging. We believe the company will maintain interest coverage in the high-1x to 2x area until it closes on the sale of its Colorado assets, after which it will apply some of the proceeds to debt reduction. NEW YORK (S&P Global Ratings) June 6, 2019—S&

Central DeWitt Community School District, IA GO Debt Rating Raised To 'A+' On Stronger Finances

CHICAGO (S&P Global Ratings) June 6, 2019--S&P Global Ratings raised its long-term rating to 'A+' from 'A' on Central DeWitt Community School District (f/k/a Central Community School District of Clinton County), Iowa's general obligation (GO) debt outstanding. At the same time, we assigned our 'A+' long-term rating to the district's series 2019 GO school refunding bonds. The outlook is stable. "The upgrade reflects the district's steady improvement of its financial position, increasing its reserves to a level we consider strong, while maintaining at least balanced operations and steady enrollment," said S&P Global Ratings credit analyst Emily Powers. The upgrade is further supported by the district's strong economic base. The bonds are secured by the district's unlimited ad valorem tax GO pledge. Proceeds will be used to refund a majority of the district's series 2010 GO school bonds for interest cost savings.

AI Credit Rating 10-Q - Emerald Data Inc (0001622231) (Filer) Score: 76

10-Q - Emerald Data Inc (0001622231) (Filer) AI credit rating value 76 Beta DRL value REG 48 Rational Demand Factor LD 3069.5658 AI check at Thu Jun 06 2019 21:57:32 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

AI Credit Rating N-CEN - FIDELITY SALEM STREET TRUST (0000035315) (Filer) Score: 75

N-CEN - FIDELITY SALEM STREET TRUST (0000035315) (Filer) AI credit rating value 75 Beta DRL value REG 13 Rational Demand Factor LD 3070.83 AI check at Thu Jun 06 2019 21:47:32 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

AI Credit Rating N-CEN/A - MASSACHUSETTS MUTUAL VARIABLE ANNUITY SEPARATE ACCOUNT 2 (0000356985) (Filer) Score: 76

N-CEN/A - MASSACHUSETTS MUTUAL VARIABLE ANNUITY SEPARATE ACCOUNT 2 (0000356985) (Filer) AI credit rating value 76 Beta DRL value REG 23 Rational Demand Factor LD 3078.4152 AI check at Thu Jun 06 2019 21:37:32 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

AI Credit Rating N-MFP2 - GENERAL MONEY MARKET FUND, INC. (0000353560) (Filer) Score: 77

N-MFP2 - GENERAL MONEY MARKET FUND, INC. (0000353560) (Filer) AI credit rating value 77 Beta DRL value REG 42 Rational Demand Factor LD 3074.7989999999995 AI check at Thu Jun 06 2019 21:27:32 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

AI Credit Rating D - ChromaTan Inc. (0001778595) (Filer) Score: 74

D - ChromaTan Inc. (0001778595) (Filer) AI credit rating value 74 Beta DRL value REG 32 Rational Demand Factor LD 3064.0386000000003 AI check at Thu Jun 06 2019 21:17:32 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

AI Credit Rating 4 - MacNaughton Duncan C (0001316947) (Reporting) Score: 71

4 - MacNaughton Duncan C (0001316947) (Reporting) AI credit rating value 71 Beta DRL value REG 30 Rational Demand Factor LD 3061.8630000000003 AI check at Thu Jun 06 2019 21:07:32 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

AI Credit Rating N-MFP2 - DREYFUS INSTITUTIONAL PREFERRED MONEY MARKET FUNDS (0001038520) (Filer) Score: 76

N-MFP2 - DREYFUS INSTITUTIONAL PREFERRED MONEY MARKET FUNDS (0001038520) (Filer) AI credit rating value 76 Beta DRL value REG 14 Rational Demand Factor LD 3059.5698 AI check at Thu Jun 06 2019 20:57:32 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

AI Credit Rating 3 - Wilkinson Thomas Wiley (0001667502) (Reporting) Score: 78

3 - Wilkinson Thomas Wiley (0001667502) (Reporting) AI credit rating value 78 Beta DRL value REG 33 Rational Demand Factor LD 3060.7457999999997 AI check at Thu Jun 06 2019 20:47:32 GMT+0200 (EET) by AC Investment Inc. AI Terminal Rating AI Process rely on primary sources of information: Sec Filings, Stock Data, Risk and Credit Reports, Search Volume Trends, Price Forecast Data. Take a look at Machine Learning section for Financial Deep Reinforcement Learning

Hernando County, FL Revenue Refunding Bond Rating Lowered To 'A+' On Budgetary Pressures And Weakened Reserves

CENTENNIAL (S&P Global Ratings) June 6, 2019--S&P Global Ratings lowered its underlying rating (SPUR) to 'A+' from 'AA-' on Hernando County, Fla.'s 2010 non-ad valorem revenue refunding bonds. The outlook is stable. "The rating action reflects our view of the county's weakened reserve position following consecutive years of general fund drawdowns," said S&P Global Ratings credit analyst Randy Layman. The stable outlook reflects our view that the county's new budgetary policies and commitment to restore structural balance will come to fruition with the 2020 budget and enable a better financial trajectory.

Olivetree Apartments L.P. Taxable 2019 Series A Bonds Assigned 'AA+/A-1+' Rating

NEW YORK (S&P Global Ratings) June 6, 2019--S&P Global Ratings today assigned its 'AA+/A-1+' rating to Olivetree Apartments L.P.'s $30.0 million taxable variable-rate demand multifamily housing revenue bonds 2019 series A due June 1, 2059 (for the Olivetree Apartments project). The 'AA+/A-1+' rating on the bonds reflects the higher of our ratings on the Federal Home Loan Bank of San Francisco (FHLB SF, 'AA+/A-1+'), the confirming letter of credit (LOC) provider, and Poppy Bank (not rated), the fronting LOC provider, during the weekly interest rate mode (the rated mode). The 'AA+' long-term component of our rating reflects the higher of our long-term issuer credit ratings on FHLB SF ('AA+') and Poppy Bank, and addresses our expectation for full and timely interest and principal payments when the bondholders have not exercised the put option. The 'A-1+' short-term component of our rating reflects the higher of our short-ter

Texas Children's Hospital Revenue Bonds Assigned 'AA' Rating

DALLAS (S&P Global Ratings) June 6, 2019--S&P Global Ratings assigned its 'AA' long-term rating to Harris County Cultural Education Facilities Finance Corp., Texas' $175 million series 2019A and $92 million series 2019B hospital revenue bonds. At the same time, S&P Global Ratings affirmed its 'AA' long-term rating and its 'AA/A-1+' dual rating (where applicable) on various series bonds. All bonds will be or were issued on behalf of Texas Children's Hospital (TCH). The outlook is stable. "The 'AA' rating continues to reflect our assessment of TCH's exceptional business position as the region's leading pediatric provider, balance sheet that has weathered the capital spending levels of the past few years and that should begin to improve, and historically strong cash flow and sound maximum annual debt service coverage," said S&P Global Ratings credit analyst Brian Williamson. TCH will use the proceeds of the ser

Trinity Rail Leasing 2012 LLC Series 2012-1 And 2013-1 Ratings Affirmed

Trinity Rail Leasing 2012 LLC's series 2012-1 and 2013-1 issuances are ABS transactions backed by a portfolio of railcars. We affirmed our 'A (sf)' ratings on the class A-1 and A-2 notes from series 2012-1 and class A-1 from series 2013-1. The affirmations reflect our view of the collateral's stable performance, Trinity's servicing capability, and the transaction's ability to withstand the retrofitting cost under the new tank car regulations. NEW YORK (S&P Global Ratings) June 6, 2019--S&P Global Ratings today affirmed its 'A (sf)' ratings on Trinity Rail Leasing 2012 LLC's series 2012-1 class A-1 and A-2 notes and series 2013-1 class A-1 notes (see list). These are asset-backed securities (ABS) transactions backed by a portfolio of railcars. The affirmations reflect our view of the collateral's stable performance, Trinity's servicing capability, and the transaction's ability to withstand the retrofitting cost unde

Parq Holdings L.P. Ratings Discontinued After Refinancing

On June 6, 2019, S&P Global Ratings discontinued its 'SD' (selective default) issuer credit rating on Vancouver-based casino operator Parq Holdings L.P. and its 'B-' issue-level rating on the company's first-lien senior secured debt. This follows the company's recent refinancing, which closed on May 10, 2019, after which no rated debt was outstanding.

ARI Fleet Lease Trust 2019-A Notes Assigned Preliminary Ratings

ARI Fleet Lease Trust 2019-A's issuance is an ABS transaction backed by a special unit of beneficial interest in lease contracts and underlying vehicles. We assigned our preliminary ratings to the class A-1, A-2A/A-2B, and A-3 notes. The preliminary ratings reflect our view of the transaction's credit support, credit enhancement, and legal structure, among other factors. DALLAS (S&P Global Ratings) June 6, 2019--S&P Global Ratings today assigned its preliminary ratings to ARI Fleet Lease Trust 2019-A's asset-backed notes (see list). The note issuance is an asset-backed securities (ABS) transaction backed by a special unit of beneficial interest in lease contracts and underlying vehicles. The preliminary ratings are based on information as of June 6, 2019. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings. The preliminary ratings reflect: The availability of at least 9.25% initial hard c