Skip to main content

Posts

Showing posts from April 9, 2020

AI Credit Rating 8-K - TAPESTRY, INC. (0001116132) (Filer) Score: 72

8-K - TAPESTRY, INC. (0001116132) (Filer) AI credit rating value 72 Beta DRL value REG 26 Rational Demand Factor LD 3561.663 AI check at Fri Apr 10 2020 12:51:27 GMT+0200 (Eastern European Standard Time) by AC Investment Inc. AI Credit Rating Terminal Reason: (n+30) Rating Factor Code: 3367 Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals. Take a look at Machine Learning section for Financial Deep Reinforcement Learning.

AI Credit Rating 6-K - CHUNGHWA TELECOM CO LTD (0001132924) (Filer) Score: 74

6-K - CHUNGHWA TELECOM CO LTD (0001132924) (Filer) AI credit rating value 74 Beta DRL value REG 38 Rational Demand Factor LD 3561.663 AI check at Fri Apr 10 2020 12:41:27 GMT+0200 (Eastern European Standard Time) by AC Investment Inc. AI Credit Rating Terminal Reason: (n+30) Trend Factor Code: 3911 Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals. Take a look at Machine Learning section for Financial Deep Reinforcement Learning.

AI Credit Rating DEF 14A - Mastech Digital, Inc. (0001437226) (Filer) Score: 76

DEF 14A - Mastech Digital, Inc. (0001437226) (Filer) AI credit rating value 76 Beta DRL value REG 31 Rational Demand Factor LD 3561.663 AI check at Fri Apr 10 2020 12:31:28 GMT+0200 (Eastern European Standard Time) by AC Investment Inc. AI Credit Rating Terminal Reason: (n+1) Trend Factor Code: 2457 Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals. Take a look at Machine Learning section for Financial Deep Reinforcement Learning.

AI Credit Rating 10-Q - Leader Hill Corp (0001723187) (Filer) Score: 71

10-Q - Leader Hill Corp (0001723187) (Filer) AI credit rating value 71 Beta DRL value REG 13 Rational Demand Factor LD 3561.663 AI check at Fri Apr 10 2020 12:21:28 GMT+0200 (Eastern European Standard Time) by AC Investment Inc. AI Credit Rating Terminal Reason: (n+30) Demand Factor Code: 4860 Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals. Take a look at Machine Learning section for Financial Deep Reinforcement Learning.

AI Credit Rating 10-D - AmeriCredit Automobile Receivables Trust 2016-4 (0001685022) (Filer) Score: 77

10-D - AmeriCredit Automobile Receivables Trust 2016-4 (0001685022) (Filer) AI credit rating value 77 Beta DRL value REG 19 Rational Demand Factor LD 3561.663 AI check at Fri Apr 10 2020 12:11:28 GMT+0200 (Eastern European Standard Time) by AC Investment Inc. AI Credit Rating Terminal Reason: (n+30) RRS Factor Code: 4838 Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals. Take a look at Machine Learning section for Financial Deep Reinforcement Learning.

AI Credit Rating EFFECT - Immunovant, Inc. (0001764013) (Filer) Score: 78

EFFECT - Immunovant, Inc. (0001764013) (Filer) AI credit rating value 78 Beta DRL value REG 31 Rational Demand Factor LD 3561.663 AI check at Fri Apr 10 2020 12:01:28 GMT+0200 (Eastern European Standard Time) by AC Investment Inc. AI Credit Rating Terminal Reason: (n+30) RRS Factor Code: 2096 Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals. Take a look at Machine Learning section for Financial Deep Reinforcement Learning.

Bavarian Sky China Leasing 2020-1 Trust Assigned Preliminary Ratings

HONG KONG (S&P Global Ratings) April 10, 2020--S&P Global Ratings today assigned its preliminary ratings to the asset-backed notes issued by China Foreign Economy And Trade Trust Co. Ltd. as trustee of Bavarian Sky China Leasing 2020-1 Trust (see list). This is an auto finance lease receivables securitization transaction originated by BMW Group under the name of its majority owned subsidiary, Herald International Financial Leasing Co. Ltd. (Herald Leasing), which also acts as the servicer. The collateralized assets are lease receivables related to vehicles leased to retail customers (the lessees) to finance the purchase of new cars manufactured by Bayerische Motoren Werke Aktiengesellschaft (BWM AG), including those made by local joint ventures. The preliminary ratings reflect the following factors: The credit risk associated with the underlying collateral portfolio and the credit support available are commensurate with our view of credit risk under 'A+'

O1 Properties Ltd. Downgraded To 'CC' On Likely Default; Outlook Negative

We understand that O1 Properties Ltd. (O1) has not obtained mezzanine debt lenders' consent to extend the loan due April 28, 2020, and lacks sufficient liquidity or committed lines to repay it. A default on the mezzanine loan will trigger a cross default with most debt, including the Eurobond and most of secured debt. Therefore, we are lowering our long-term issuer credit rating on O1 to 'CC' from 'CCC-', and the issue ratings to 'C' from 'CC'. The negative outlook reflects our view that O1's default on the mezzanine loan and subsequent cross-default on most other debt is almost certain, absent any unexpected last minute solutions, which is not our current assumption. MOSCOW (S&P Global Ratings) April 10, 2020—S&P Global Ratings today took the rating actions listed above. O1 has failed to extend its mezzanine debt maturity due April 28, 2020. The downgrade reflects our view that the probability of payment default on the about $

AI Credit Rating 4 - ATSINGER EDWARD G III (0001106066) (Reporting) Score: 73

4 - ATSINGER EDWARD G III (0001106066) (Reporting) AI credit rating value 73 Beta DRL value REG 32 Rational Demand Factor LD 3561.663 AI check at Fri Apr 10 2020 02:41:27 GMT+0200 (Eastern European Standard Time) by AC Investment Inc. AI Credit Rating Terminal Reason: (n+7) Demand Beta Code: 4330 Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals. Take a look at Machine Learning section for Financial Deep Reinforcement Learning.

AI Credit Rating 4 - Donaghy Stephen (0001492959) (Reporting) Score: 77

4 - Donaghy Stephen (0001492959) (Reporting) AI credit rating value 77 Beta DRL value REG 38 Rational Demand Factor LD 3561.663 AI check at Fri Apr 10 2020 02:31:26 GMT+0200 (Eastern European Standard Time) by AC Investment Inc. AI Credit Rating Terminal Reason: (n+7) Rating Beta Code: 2368 Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals. Take a look at Machine Learning section for Financial Deep Reinforcement Learning.

AI Credit Rating 4 - Doiron Jeffrey (0001796863) (Reporting) Score: 72

4 - Doiron Jeffrey (0001796863) (Reporting) AI credit rating value 72 Beta DRL value REG 48 Rational Demand Factor LD 3561.663 AI check at Fri Apr 10 2020 02:11:27 GMT+0200 (Eastern European Standard Time) by AC Investment Inc. AI Credit Rating Terminal Reason: (n+7) Penetration Beta Code: 2562 Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals. Take a look at Machine Learning section for Financial Deep Reinforcement Learning.

AI Credit Rating 4 - MILLER SCOTT P (0001662899) (Reporting) Score: 76

4 - MILLER SCOTT P (0001662899) (Reporting) AI credit rating value 76 Beta DRL value REG 13 Rational Demand Factor LD 3561.663 AI check at Fri Apr 10 2020 01:51:27 GMT+0200 (Eastern European Standard Time) by AC Investment Inc. AI Credit Rating Terminal Reason: (n+1) OCL Factor Code: 1010 Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals. Take a look at Machine Learning section for Financial Deep Reinforcement Learning.

AI Credit Rating 4 - Roos John Victor (0001586704) (Reporting) Score: 72

4 - Roos John Victor (0001586704) (Reporting) AI credit rating value 72 Beta DRL value REG 42 Rational Demand Factor LD 3561.663 AI check at Fri Apr 10 2020 01:31:27 GMT+0200 (Eastern European Standard Time) by AC Investment Inc. AI Credit Rating Terminal Reason: (n+7) EMR Factor Code: 1062 Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals. Take a look at Machine Learning section for Financial Deep Reinforcement Learning.

AI Credit Rating 4/A - Stoppelman Jeremy (0001541476) (Reporting) Score: 77

4/A - Stoppelman Jeremy (0001541476) (Reporting) AI credit rating value 77 Beta DRL value REG 34 Rational Demand Factor LD 3561.663 AI check at Fri Apr 10 2020 01:21:27 GMT+0200 (Eastern European Standard Time) by AC Investment Inc. AI Credit Rating Terminal Reason: (n+1) Rating Factor Code: 1389 Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals. Take a look at Machine Learning section for Financial Deep Reinforcement Learning.

Aruba Investments Inc. Outlook Revised To Stable From Positive; Ratings Affirmed

As a result of the coronavirus spread and its negative impact on the economy, Aruba Investments (d/b/a Angus Chemical Co.) is now expected to experience weakened demand in some of its key end markets such as electronics, automotive, and coatings. We are affirming our issuer credit rating at 'B-' and affirming all issue-level ratings on the company's secured and unsecured debt. We are revising our outlook to stable from positive. We expect that Aruba will maintain strong profitability measures; however, we have revised down our expectations for the company's 2020 operating performance resulting in increased weighted average leverage metrics. The stable outlook indicates that, although we are expecting a decrease in volumes in key end markets like synthetic rubber and metalworking fluids (automotive), coatings, and electronics, we expect those decreases to be slightly offset by good performance in the pharmaceuticals and home and personal care markets. This will resu

AI Credit Rating 4 - Li Nan (0001505807) (Reporting) Score: 77

4 - Li Nan (0001505807) (Reporting) AI credit rating value 77 Beta DRL value REG 45 Rational Demand Factor LD 3561.663 AI check at Fri Apr 10 2020 01:11:27 GMT+0200 (Eastern European Standard Time) by AC Investment Inc. AI Credit Rating Terminal Reason: (n+30) Profit Beta Code: 4348 Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals. Take a look at Machine Learning section for Financial Deep Reinforcement Learning.

AI Credit Rating 4 - COCCIO CHRISTOPHER L (0001262182) (Reporting) Score: 75

4 - COCCIO CHRISTOPHER L (0001262182) (Reporting) AI credit rating value 75 Beta DRL value REG 33 Rational Demand Factor LD 3561.663 AI check at Fri Apr 10 2020 01:01:27 GMT+0200 (Eastern European Standard Time) by AC Investment Inc. AI Credit Rating Terminal Reason: (n+30) OCL Factor Code: 3788 Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals. Take a look at Machine Learning section for Financial Deep Reinforcement Learning.

AI Credit Rating 4 - Humphrey Scott (0001708322) (Reporting) Score: 71

4 - Humphrey Scott (0001708322) (Reporting) AI credit rating value 71 Beta DRL value REG 42 Rational Demand Factor LD 3561.663 AI check at Fri Apr 10 2020 00:51:37 GMT+0200 (Eastern European Standard Time) by AC Investment Inc. AI Credit Rating Terminal Reason: (n+30) Expectation Factor Code: 3441 Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals. Take a look at Machine Learning section for Financial Deep Reinforcement Learning.

Catholic Health System, NY, ‘BBB+’ Bonds Ratings Placed on CreditWatch Negative On Potential Credit Deterioration

NEW YORK (S&P Global Ratings) April 9, 2020--S&P Global Ratings placed its 'BBB+' long-term ratings on all bonds outstanding issued for Catholic Health System (CHS), N.Y. on CreditWatch with negative implications. The CreditWatch placement reflects our view that there is at least a one-in-two likelihood of a downgrade within the next 90 days as a result of our view of potential credit deterioration at CHS. CHS reported a significant unaudited operating loss for fiscal 2019 ended Dec. 31, as well as a weakened liquidity position, both of which were unexpected and unbudgeted. The fiscal 2019 loss was well below management's budgetary projection of slightly break-even results for fiscal 2019. Based on public disclosure by CHS, we noted a significant shift in inpatient volumes to less profitable observation visits. "Based on last year's projection, we had expected weakening of operating results over fiscal 2020 as a result of the electronic medical record

Harvard University, MA, Series 2020A and 2020B Bonds Assigned 'AAA' Rating; Outlook Stable

NEW YORK (S&P Global Ratings) April 9, 2020--S&P Global Ratings has assigned its long-term 'AAA' rating up to $574 million series 2020A revenue bonds issued by the Massachusetts Development Finance Agency on behalf of Harvard University (Harvard), Mass. At the same time, we have assigned our 'AAA' rating up to $500 million series 2020B taxable bonds issued by Harvard. We have also affirmed the 'AAA' rating outstanding on various issues for Harvard, and the short-term rating on variable-rate demand bonds and commercial paper (CP) notes, issued by various issuers for Harvard, is 'A-1+'. The outlook is stable. "Over the past several years, the university has dramatically restructured its debt portfolio, moving from one that was heavily concentrated in variable-rate demand bonds and CP to one that is far more predictable," said S&P Global Ratings credit analyst Laura Macdonald. Bond proceeds for the taxable issue will be used to help

AI Credit Rating 4 - Zscaler, Inc. (0001713683) (Issuer) Score: 75

4 - Zscaler, Inc. (0001713683) (Issuer) AI credit rating value 75 Beta DRL value REG 33 Rational Demand Factor LD 3561.663 AI check at Fri Apr 10 2020 00:41:26 GMT+0200 (Eastern European Standard Time) by AC Investment Inc. AI Credit Rating Terminal Reason: (n+1) RRS Factor Code: 2385 Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals. Take a look at Machine Learning section for Financial Deep Reinforcement Learning.

AI Credit Rating 4 - Maestri Luca (0001513362) (Reporting) Score: 71

4 - Maestri Luca (0001513362) (Reporting) AI credit rating value 71 Beta DRL value REG 42 Rational Demand Factor LD 3561.663 AI check at Fri Apr 10 2020 00:31:27 GMT+0200 (Eastern European Standard Time) by AC Investment Inc. AI Credit Rating Terminal Reason: (n+7) EMR Factor Code: 1759 Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals. Take a look at Machine Learning section for Financial Deep Reinforcement Learning.

Eyemart Express Holdings LLC Rating Lowered To 'B-' On Store Closures; Outlook Negative

As the coronavirus pandemic spreads through the U.S., optical retailer Eyemart Express Holdings LLC announced it is temporarily closing all stores. We expect Eyemart's credit metrics to decline meaningfully on lower revenue and profit, with leverage increasing above our previous downgrade threshold. As a result, we are lowering our ratings on Eyemart, including the issuer-credit rating to 'B-'. The negative outlook reflects uncertainty regarding the impact of coronavirus-related store closures that could cause liquidity to tighten from higher cash burn. NEW YORK (S&P Global Ratings) April 9, 2020--S&P Global Ratings today took the rating actions listed above. The downgrade reflects our expectation that credit metrics will deteriorate in 2020.    Eyemart has temporarily closed its stores in response to the coronavirus pandemic. As a result, we lowered our forecast for the company based on our performance expectations, which includes a double-digit decline in

Callaway Golf Co. Ratings Lowered To 'B+' On Expected Lower Sales And EBITDA; Ratings Placed On CreditWatch Negative

We believe a severe slowdown in economic activity and consumer spending as a result of the COVID-19 pandemic will reduce Callaway Golf Co.'s sales and EBITDA. We expect a significant near-term spike in leverage due to retail store closures and lower demand for discretionary products in second-quarter 2020. While we expect credit metrics to improve substantially in 2021, Callaway will likely sustain leverage above our high-3x downgrade threshold. As a result, we are lowering all of our ratings on Callaway by one notch to 'B+' and placing them on CreditWatch with negative implications. The CreditWatch placement reflects the potential for a lower rating over the next few months after we assess the impact of retail store closures and lower consumer spending on Callaway's sales, profitability, and liquidity. NEW YORK (S&P Global Ratings) April 9, 2020—S&P Global Ratings today took the rating actions listed above. The downgrade reflects our belief that Callaw

AI Credit Rating 3 - Cohn Jesse (0001649650) (Reporting) Score: 73

3 - Cohn Jesse (0001649650) (Reporting) AI credit rating value 73 Beta DRL value REG 46 Rational Demand Factor LD 3561.663 AI check at Fri Apr 10 2020 00:21:27 GMT+0200 (Eastern European Standard Time) by AC Investment Inc. AI Credit Rating Terminal Reason: (n+7) Expectation Factor Code: 2212 Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals. Take a look at Machine Learning section for Financial Deep Reinforcement Learning.

AI Credit Rating 4 - Dennison Judith Lynn (0001466047) (Reporting) Score: 73

4 - Dennison Judith Lynn (0001466047) (Reporting) AI credit rating value 73 Beta DRL value REG 44 Rational Demand Factor LD 3561.663 AI check at Fri Apr 10 2020 00:11:27 GMT+0200 (Eastern European Standard Time) by AC Investment Inc. AI Credit Rating Terminal Reason: (n+7) Profit Beta Code: 4263 Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals. Take a look at Machine Learning section for Financial Deep Reinforcement Learning.

AI Credit Rating 4 - Turning Point Brands, Inc. (0001290677) (Issuer) Score: 75

4 - Turning Point Brands, Inc. (0001290677) (Issuer) AI credit rating value 75 Beta DRL value REG 13 Rational Demand Factor LD 3561.663 AI check at Fri Apr 10 2020 00:01:27 GMT+0200 (Eastern European Standard Time) by AC Investment Inc. AI Credit Rating Terminal Reason: (n+7) OCL Factor Code: 1022 Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals. Take a look at Machine Learning section for Financial Deep Reinforcement Learning.

AI Credit Rating 4 - Shaffer Michael A (0001320097) (Reporting) Score: 74

4 - Shaffer Michael A (0001320097) (Reporting) AI credit rating value 74 Beta DRL value REG 17 Rational Demand Factor LD 3561.663 AI check at Thu Apr 09 2020 23:51:27 GMT+0200 (Eastern European Standard Time) by AC Investment Inc. AI Credit Rating Terminal Reason: (n+1) EMR Beta Code: 2482 Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals. Take a look at Machine Learning section for Financial Deep Reinforcement Learning.

PVH Corp. Outlook Revised To Negative On Potential For Slow Recovery From COVID-19-Related Store Closures

We expect global apparel seller PVH Corp.'s revenue and profitability will be severely hurt for the next two quarters by the unprecedented containment measures for the COVID-19 pandemic, especially in Europe and North America. As a result, we forecast the company's credit metrics will deteriorate significantly for fiscal year 2021 (ending February 2022), with adjusted leverage potentially exceeding 4x, up from 2.8x at the end of fiscal year 2019 (ended February 2020). We are revising our outlook to negative from stable and affirming all of our ratings on the company, including our 'BBB-' issuer credit rating and 'A-3' short-term credit rating. The negative outlook reflects the heightened uncertainty regarding the COVID-19 pandemic and the possibility that a prolonged recession in the U.S. and Europe could cause a slow recovery of PVH's sales and profits and result in adjusted leverage staying above 4x in fiscal 2021. CHICAGO (S&P Global Ratings) Ap

AI Credit Rating 4 - Helix TCS, Inc. (0001611277) (Issuer) Score: 76

4 - Helix TCS, Inc. (0001611277) (Issuer) AI credit rating value 76 Beta DRL value REG 36 Rational Demand Factor LD 3561.663 AI check at Thu Apr 09 2020 23:41:27 GMT+0200 (Eastern European Standard Time) by AC Investment Inc. AI Credit Rating Terminal Reason: (n+1) Sustainability Factor Code: 3366 Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals. Take a look at Machine Learning section for Financial Deep Reinforcement Learning.

AI Credit Rating 13F-HR - VIRIDIAN RIA, LLC (0001730068) (Filer) Score: 71

13F-HR - VIRIDIAN RIA, LLC (0001730068) (Filer) AI credit rating value 71 Beta DRL value REG 38 Rational Demand Factor LD 3561.663 AI check at Thu Apr 09 2020 23:31:27 GMT+0200 (Eastern European Standard Time) by AC Investment Inc. AI Credit Rating Terminal Reason: (n+1) Sustainability Factor Code: 3613 Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals. Take a look at Machine Learning section for Financial Deep Reinforcement Learning.

AI Credit Rating 13F-HR - FLC Capital Advisors (0001713697) (Filer) Score: 73

13F-HR - FLC Capital Advisors (0001713697) (Filer) AI credit rating value 73 Beta DRL value REG 23 Rational Demand Factor LD 3561.663 AI check at Thu Apr 09 2020 23:21:27 GMT+0200 (Eastern European Standard Time) by AC Investment Inc. AI Credit Rating Terminal Reason: (n+1) Expectation Factor Code: 1436 Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals. Take a look at Machine Learning section for Financial Deep Reinforcement Learning.

Maple River Independent School District No. 2135, MN Series 2020A School Building Bonds Rated ‘A+’; Outlook Stable

CENTENNIAL (S&P Global Ratings) April 9, 2020--S&P Global Ratings has assigned its 'AAA' enhanced long-term rating and 'A+' underlying rating to Maple River Independent School District (ISD) No. 2135, Minn.'s general obligation (GO) school building bonds, series 2020A. The outlook is stable. The district's unlimited-tax GO pledge secures the bonds. Officials will use the bond proceeds to construct a new prekindergarten–through-grade-12 school facility. "District voters authorized $63.3 million in new GO debt, which will result in higher debt ratios and a notably higher debt service carrying charge, which we believe could significantly limit the district's financial flexibility during periods of pressured revenues," said S&P Global Ratings credit analyst Augustin Kazakevicius. "With five-consecutive years of surplus operating results, the district's financial performance has sustained very strong reserves. The local economy

AI Credit Rating DFAN14A - Starboard Value LP (0001517137) (Filed by) Score: 77

DFAN14A - Starboard Value LP (0001517137) (Filed by) AI credit rating value 77 Beta DRL value REG 48 Rational Demand Factor LD 3561.663 AI check at Thu Apr 09 2020 23:11:27 GMT+0200 (Eastern European Standard Time) by AC Investment Inc. AI Credit Rating Terminal Reason: (n+7) RRS Factor Code: 2079 Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals. Take a look at Machine Learning section for Financial Deep Reinforcement Learning.

Various Rating Actions Taken On 117 Classes From 36 U.S. RMBS Transactions

We reviewed 117 ratings from 36 U.S. RMBS transactions issued between 2001 and 2007. All of these transactions are backed by alternative-A, prime jumbo, first-lien high LTV, HELOC, re-performing, and subprime collateral. Of the 117 ratings, we raised 14, lowered 15, affirmed 82, withdrew four, and discontinued two. We subsequently discontinued one of the lowered ratings. SAN FRANCISCO (S&P Global Ratings) April 9, 2020--S&P Global Ratings today completed its review of 117 ratings from 36 U.S. RMBS transactions issued between 2001 and 2007. All of these transactions are backed by alternative-A, prime jumbo, first-lien high loan-to-value, HELOC, re-performing, and subprime collateral. The review yielded 14 upgrades, 15 downgrades, 82 affirmations, four withdrawals, and two discontinuances. Additionally, we subsequently discontinued one of the lowered ratings. Analytical Considerations S&P Global Ratings acknowledges a high degree of uncertainty about the rate of spr

Everi Payments Inc.'s Proposed $125 Million Term Loan Rated 'B+' (Recovery Rating: '2')

NEW YORK (S&P Global Ratings) April 9, 2020--S&P Global Ratings today assigned its 'B+' issue-level and '2' recovery ratings to U.S.-based gaming and payments equipment and software provider Everi Payments Inc.'s proposed $125 million term loan due in May 2024. The '2' recovery rating indicates our expectation for substantial recovery (70%-90%; rounded estimate: 80%) for lenders in the event of a payment default. Everi plans to use the proceeds for general corporate purposes, specifically to bolster its liquidity position. The company will add approximately $118 million cash to the balance sheet after paying fees and expenses associated with the transaction. Everi faces an extraordinarily challenging operating environment stemming from the temporary closures of casinos across the U.S. amid the COVID-19 pandemic, weakening credit measures and raising liquidity pressure. Pro forma for the proposed term loan issuance, we estimate Everi had about $1

Merrill Lynch Mortgage Trust 2005-CKI1 Class E Rating Affirmed

We affirmed our 'B (sf)' rating on the class E certificates from Merrill Lynch Mortgage Trust 2005-CKI1, a U.S. CMBS transaction. The affirmation reflects our analysis of the transaction, which included a review of the credit characteristics and performance of the remaining loans in the pool, the transaction's structure, and the liquidity available to the trust. While COVID-19 will likely have an accelerated effect on performance declines for certain properties, especially with retail and lodging exposure, today's rating actions do not specifically address the pandemic. NEW YORK (S&P Global Ratings) April 9, 2020--S&P Global Ratings today affirmed its 'B (sf)' rating on the class E commercial mortgage pass-through certificates from Merrill Lynch Mortgage Trust 2005-CKI1, a U.S. CMBS transaction. We affirmed the rating because our expectation of credit enhancement was in line with the current rating level. While the general credit quality and perf

AI Credit Rating 8-K - Strategic Education, Inc. (0001013934) (Filer) Score: 71

8-K - Strategic Education, Inc. (0001013934) (Filer) AI credit rating value 71 Beta DRL value REG 38 Rational Demand Factor LD 3561.663 AI check at Thu Apr 09 2020 23:01:27 GMT+0200 (Eastern European Standard Time) by AC Investment Inc. AI Credit Rating Terminal Reason: (n+7) Sustainability Factor Code: 4282 Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals. Take a look at Machine Learning section for Financial Deep Reinforcement Learning.

Italian Toll Road Operator Autostrada Brescia Verona Vicenza Padova 'BBB-' Rating Affirmed Then Withdrawn

Toll road operators are facing a steep drop in passenger traffic due to lockdown measures to contain the COVID-19 pandemic, and Italian operators have registered the steepest decline so far among European peers. However, we expect Autostrada Brescia Verona Vicenza Padova's (ABVVP) credit metrics to remain solid, with funds from operations (FFO) to debt of 80%-90% on average over 2020-2022, due to the postponement of its €1.9 billion investment in Valdastico Nord. Several elements in ABVVP's concession agreement protect its creditworthiness from a deterioration in the credit quality of its parent, Abertis Infraestructuras S.A. We are affirming our 'BBB-' long-term issuer credit rating on ABVVP and withdrawing the rating at the issuer's request. The stable outlook at the time of the withdrawal reflected our opinion that the company will maintain FFO to debt above 13% during the construction of Valdastico Nord, if the grantor approves it. LONDON (S&P Global

AI Credit Rating SC 13G/A - Canada Goose Holdings Inc. (0001690511) (Subject) Score: 72

SC 13G/A - Canada Goose Holdings Inc. (0001690511) (Subject) AI credit rating value 72 Beta DRL value REG 42 Rational Demand Factor LD 3561.663 AI check at Thu Apr 09 2020 22:51:27 GMT+0200 (Eastern European Standard Time) by AC Investment Inc. AI Credit Rating Terminal Reason: (n+1) Expectation Factor Code: 4214 Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals. Take a look at Machine Learning section for Financial Deep Reinforcement Learning.

Montana State University Revenue Bond Outlook Revised To Stable From Positive On Possible Revenue Effects Of COVID-19

SAN FRANCISCO (S&P Global Ratings) April 9, 2020--S&P Global Ratings revised its outlook to stable from positive and affirmed its 'A+' long-term rating on the Montana State Board of Regents of Higher Education's revenue bonds issued for Montana State University (MSU). "The outlook revision reflects our expectation that the public health crisis and social risks posed by the COVID-19 pandemic are likely to have a dampening effect on the economy and could result in a decline in revenues in higher education," said S&P Global Ratings credit analyst Mary Ellen Wriedt. "Possible weakened operating results, the scope of which will be determined by the duration of COVID-19 and financial impacts from lost auxiliary revenues, potential cuts in state funding, and possible declines in fall 2020 enrollments, preclude a positive rating action at this time." The outlook revision to stable from positive reflects that although we view the university's

Various Ratings Lowered On 55 Receipts For Multiple Issuers

NEW YORK (S&P Global Ratings) April 9, 2020--S&P Global Ratings lowered its ratings on 55 tender-option bond trust receipts issued by FMSbonds Inc.; Mesirow Municipal Funding; Mesirow Financial Inc.; and George K. Baum & Co., related to various underlying bonds, and subsequently removed them from CreditWatch with negative implications where S&P Global Ratings placed them on Jan. 13, 2020. (Please see the table.) Various Ratings Lowered, Removed From CreditWatch Negative On 55 Receipts For Multiple Issuers Issue New rating Previous rating CUSIP Nos. Underlying CUSIP Nos. Liquidity provider Mesirow Financial Inc. (California Hlth Facs Fincg Auth) Puttable Ser 2017-XM0481 re California Hlth Facs Financing Auth Rev Bonds, (Sutter Health), A+/A-1 AA-/A-1, Watch Neg 13033LD87 13033LVV6 Morgan Stanley Bank N.A. Mesirow Financial Inc. (California Hlth Facs Fincg Auth) Inverse Ser 2017-XM0481 re California Hlth Facs Financing Auth Rev Bonds, (Sutter Health) A+ AA-, Watch