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Showing posts from February 15, 2021

STANLEY BANK Credit Rating

BOSTON (AI Credit Rating Terminal) Tue Feb 16 2021 10:49:03 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated STANLEY BANK because the steps to carry out a bail-in of that type of liability would involve such high operational complexities that would make its bail-in unlikely in a reasonable time. (We use econometric methods for period (n+7) simulate with Money Flow Index (MFI) Simple Regression). For example, if a company incurred a large working capital inflow in the fourth quarter, which more than offset working capital outflows during the first three quarters, we would use the peak working capital outflows within our A/B and A-B calculation. However, we avoid double-counting when the working capital outflow is already captured through our assumption of peak CP amount. Credit Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals. Ta

Signature Bank Credit Rating

BOSTON (AI Credit Rating Terminal) Tue Feb 16 2021 10:19:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated Signature Bank because business model transition. (We use econometric methods for period (n+7) simulate with Adaptive Moving Average Sign Test). We do not assume future debt refinancing or the rolling over of CP, regardless of the company's perceived credit strength or issuer credit rating. For instance, even for investment-grade issuers, we do not assume future debt maturities are refinanced with potential uncommitted capital raises. We could, however, consider a shorter time horizon. Credit 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. Oscillators are used for generating credit risk signals by using the semantic and financial sign

Hangzhou Jiebai Group Co., Limited Credit Rating

BOSTON (AI Credit Rating Terminal) Tue Feb 16 2021 09:49:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated Hangzhou Jiebai Group Co., Limited because of derivatives receivables represent more than 0.5% of total assets for entities reporting under U.S. GAAP. (We use econometric methods for period (n+1) simulate with Wien Bridge Oscillator Linear Regression). We believe that when a company is viewed as being on the cusp between two liquidity descriptors and has higher-than-average cash plus inventory/unadjusted debt compared with similarly constituted peers, that helps support the better liquidity assessment. However, in the case of a nonresidential developer, given that its inventory is typically less liquid (and the greater potential for inventory to suffer value erosion in a downturn), we do not consider this measure as pertinent. Credit Rating AI Process rely on primary sources of information: Sec Fi

WIRECARD AG Credit Rating

BOSTON (AI Credit Rating Terminal) Tue Feb 16 2021 09:19:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated WIRECARD AG because of vulnerability of the two metrics to changes in operating conditions. (We use econometric methods for period (n+7) simulate with Stochastic Oscillator Spearman Correlation). Likewise, we do not consider factoring programs under sources of liquidity. Unlike asset-based lending (ABL) facilities, factoring is more of a sales transaction and not a loan. In addition, these transactions tend to be very short term. For this reason, we would not consider them a committed source of future liquidity over a 12-month period. Credit 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. Oscillators are used for generating credit risk si

GESCO AG NA O.N. Credit Rating

BOSTON (AI Credit Rating Terminal) Tue Feb 16 2021 08:49:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated GESCO AG NA O.N. because of a weaker market position, higher risk, or more confidence-sensitive mix of business is only partially offset by any strengths, and this leads us to expect weaker revenue stability relative to peers, thus demonstrating modest incremental risk above what is captured in the anchor. (We use econometric methods for period (n+30) simulate with Penetration Paired T-Test). Other factors we consider include a company's frequency of debt issuance and market access, especially during times of company-specific stress or credit market turbulence. Credit 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. Oscillators are us

Southern National Corporation Credit Rating

BOSTON (AI Credit Rating Terminal) Tue Feb 16 2021 08:19:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated Southern National Corporation because of add or deduct postretirement benefit adjustment. (We use econometric methods for period (n+7) simulate with Expectation Wilcoxon Sign-Rank Test). We believe that when a company is viewed as being on the cusp between two liquidity descriptors and has higher-than-average cash plus inventory/unadjusted debt compared with similarly constituted peers, that helps support the better liquidity assessment. However, in the case of a nonresidential developer, given that its inventory is typically less liquid (and the greater potential for inventory to suffer value erosion in a downturn), we do not consider this measure as pertinent. Credit Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals. Tak

Shandong International Trust Co Ltd Credit Rating

BOSTON (AI Credit Rating Terminal) Tue Feb 16 2021 07:49:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated Shandong International Trust Co Ltd because the company faces substantial refinancing risk given significant maturities. (We use econometric methods for period (n+7) simulate with Ichimoku Cloud (IKH) Polynomial Regression). When calculating sources of liquidity, we only include the undrawn, available portion of committed bank lines maturing beyond the specified time horizon for each liquidity descriptor. For example, when assessing liquidity as adequate, we only include a committed revolving credit facility as a source if it matured beyond the next 12 months. Similarly, given that our liquidity assessment looks out over two years when assessing liquidity as strong or exceptional, we only include a facility maturing beyond 24 months as a source of liquidity. Credit Rating AI Process rely on primar

Industrial and Commercial Bank of China Limited, NY Branch Credit Rating

BOSTON (AI Credit Rating Terminal) Tue Feb 16 2021 07:19:03 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated Industrial and Commercial Bank of China Limited, NY Branch because of the risk or unstable nature of the firm's mix of business, some aspect of the firm's market position, customer confidence sensitivity, or expected revenue stability are materially weaker than average, or represent substantial risk beyond risks captured in the anchor. (We use econometric methods for period (n+30) simulate with Royer Oscillators Pearson Correlation). Under times of stress, such actions could include dividend cuts, suspension of share repurchases, or maintenance of minimum cash balances. This is particularly relevant for exceptional and strong assessments, where issuers are required to carry higher levels of excess liquidity even during times of stress. For example, when assessing liquidity, we would genera

NORTHSIDE COMMUNITY BANK Credit Rating

BOSTON (AI Credit Rating Terminal) Tue Feb 16 2021 06:49:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated NORTHSIDE COMMUNITY BANK because of emergence of unexpected operational risks regularly affects earnings or cash flow. (We use econometric methods for period (n+30) simulate with Modified (Smoothed) Moving Average Wilcoxon Rank-Sum Test). We do not exclude cash that the company needs to maintain to run the business and meet potential working capital requirements. Since working capital outflows are included under uses (B) of liquidity, system-related cash needed to run the business should be included in sources, along with items such as customer advances. Credit 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. Oscillators are used for gener

Shaanxi International Trust Co.,Ltd. Credit Rating

BOSTON (AI Credit Rating Terminal) Tue Feb 16 2021 06:19:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated Shaanxi International Trust Co.,Ltd. because of reduce equity by the amount of unrecognized losses, after tax. This adjustment adds the surplus to reported capital when calculating ACE and TAC. We deduct from capital that amount of the surplus that we view as unrealizable. (We use econometric methods for period (n+1) simulate with Gunn Oscillator Wilcoxon Sign-Rank Test). Investments should be able to be quickly liquidated without requiring deep discounts to their carrying value. This does not preclude long-term investments from being included. It does, however, exclude large stakes in non-liquid equity investments. Credit 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 Financ

RIKEI CORPORATION Credit Rating

BOSTON (AI Credit Rating Terminal) Tue Feb 16 2021 05:49:03 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated RIKEI CORPORATION because of derivatives receivables represent more than 3% of total assets for entities reporting under IFRS (or under local GAAP similar to IFRS for the accounting of derivatives) and are domiciled in countries for which our BICRA group is '1' to '4'. (We use econometric methods for period (n+1) simulate with Directional Movement Indicator Pearson Correlation). Larger, investment-grade issuers that have access to both public and private debt markets have greater flexibility than companies that depend solely on private bank loans. In addition, we consider whether a company can borrow on an unsecured basis, has access to the commercial paper markets, and issues debt in multiple geographies. It is more costly to raise debt in the public bond markets and often require

Sabal Trail Transmission, LLC Credit Rating

BOSTON (AI Credit Rating Terminal) Tue Feb 16 2021 05:19:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated Sabal Trail Transmission, LLC because of the firm's business is modestly more concentrated than average for peers, and the concentration represents modest incremental risk above what is captured in the anchor, but it is not a key credit weakness. (We use econometric methods for period (n+7) simulate with Envelope (ENV) Multiple Regression). In determining how prudent a company's risk management is, we look for evidence that management has historically anticipated potential company-specific or market-related setbacks and has taken necessary actions to ensure sufficient liquidity. Credit 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 Learnin

Brangista inc Credit Rating

BOSTON (AI Credit Rating Terminal) Tue Feb 16 2021 04:49:03 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated Brangista inc because of derivatives receivables represent more than 5% of total assets for entities reporting under IFRS (or under local GAAP similar to IFRS for the accounting of derivatives) and are domiciled in countries for which our BICRA group is '5' and above.. (We use econometric methods for period (n+1) simulate with Demand Spearman Correlation). When determining the cash to be included under sources (A), we use cash that will be available to cover monetary outflows. As a result, we may make haircuts to account for cash trapped overseas (for example, haircut for taxes payable upon repatriation of cash held abroad), apply a discount to lower-quality marketable securities, and exclude restricted cash held for specific purposes. Credit Rating AI Process rely on primary sources of in

BANK OF LAVERNE Credit Rating

BOSTON (AI Credit Rating Terminal) Tue Feb 16 2021 04:19:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated BANK OF LAVERNE because of emergence of unexpected operational risks regularly affects earnings or cash flow. (We use econometric methods for period (n+1) simulate with Robinson Oscillators Simple Regression). When assessing strong or exceptional liquidity, we include all forecasted capital expenditures over the next 24 months, including discretionary growth capital spending. Credit 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. Oscillators are used for generating credit risk signals by using the semantic and financial signals. The value of the oscillators indicate the strength of trend. Using the correlation matrices, the credit rating

Paramount Group, Inc. Common Stock Credit Rating

BOSTON (AI Credit Rating Terminal) Tue Feb 16 2021 03:49:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated Paramount Group, Inc. Common Stock because of emergence of unexpected operational risks regularly affects earnings or cash flow. (We use econometric methods for period (n+1) simulate with Rate of Change (ROC) Chi-Square). For example, if a company incurred a large working capital inflow in the fourth quarter, which more than offset working capital outflows during the first three quarters, we would use the peak working capital outflows within our A/B and A-B calculation. However, we avoid double-counting when the working capital outflow is already captured through our assumption of peak CP amount. Credit 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 Reinforceme

Solara Active Pharma Sciences Limited Credit Rating

BOSTON (AI Credit Rating Terminal) Tue Feb 16 2021 03:19:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated Solara Active Pharma Sciences Limited because of deduct goodwill and nonservicing intangibles. (We use econometric methods for period (n+1) simulate with Bollinger Bands Width ElasticNet Regression). Our view of a company's financial policy is an important input when assessing its current and future liquidity position. For instance, we assess whether a company has historically had a higher risk appetite and an aggressive acquisition strategy that has strained its liquidity position, or whether it has taken actions to preserve liquidity in past downturns. Credit 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. Oscillators are used for g

FIRST PIONEER BANK CORP. Credit Rating

BOSTON (AI Credit Rating Terminal) Tue Feb 16 2021 02:49:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated FIRST PIONEER BANK CORP. because the liabilities' resolution-driven default is unlikely because of all of the following: The type of liability is earmarked in the resolution framework for potential exclusion from bail-in at the discretion of the national regulator, other creditors in our view are unlikely to legally challenge such an exclusion. (We use econometric methods for period (n+1) simulate with Tri-tet Oscillators Stepwise Regression). We do not treat repayments of leases as debt maturities (even if International Financial Reporting Standard 16 shows them as such in the cash flow statement) because we already have reduced FFO by such lease cash outflow. Credit Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals.

Metallurgical Corporation of China Ltd. Credit Rating

BOSTON (AI Credit Rating Terminal) Tue Feb 16 2021 02:19:03 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated Metallurgical Corporation of China Ltd. because Incremental risk charge, comprehensive risk measure. (We use econometric methods for period (n+30) simulate with RC Phase Shift Oscillator Wilcoxon Sign-Rank Test). When determining the cash to be included under sources (A), we use cash that will be available to cover monetary outflows. As a result, we may make haircuts to account for cash trapped overseas (for example, haircut for taxes payable upon repatriation of cash held abroad), apply a discount to lower-quality marketable securities, and exclude restricted cash held for specific purposes. Credit 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 L

GOLDSTONE RESOURCES LIMITED Credit Rating

BOSTON (AI Credit Rating Terminal) Tue Feb 16 2021 01:49:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated GOLDSTONE RESOURCES LIMITED because of the firm's business is modestly more concentrated than average for peers, and the concentration represents modest incremental risk above what is captured in the anchor, but it is not a key credit weakness. (We use econometric methods for period (n+7) simulate with Armstrong Oscillator Independent T-Test). Given that we exclude proposed "best efforts" or potential financings as a source of liquidity, we also exclude from uses of liquidity acquisitions and other discretionary spending that are contingent on the successful issuance of new financing to support the proposed transaction. Credit Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals. Take a look at Machine Learning

ACER INCORPORATED Credit Rating

BOSTON (AI Credit Rating Terminal) Tue Feb 16 2021 01:19:03 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated ACER INCORPORATED because of no indications exist that private equity, management, or shareholders may reduce or prevent the maintenance of capital. (We use econometric methods for period (n+1) simulate with Opto-Electronic Oscillators Pearson Correlation). If, for example, a facility matured in 18 months, we could include the borrowing availability as a source of liquidity in year one, but exclude the amount in year two under the exceptional and strong descriptors (as well as include any drawn portions as debt maturities under uses of liquidity). This is because we do not assume an extension of bank lines--regardless of the company's perceived credit strength or issuer credit rating. For instance, whether the issuer credit rating on the company is speculative grade or investment grade, we do

VALENS HOLDING AG Credit Rating

BOSTON (AI Credit Rating Terminal) Tue Feb 16 2021 00:49:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated VALENS HOLDING AG because that the performance of that type of liability is critical for the resolved entity to continue operating. (We use econometric methods for period (n+7) simulate with Chaikin Oscillator Pearson Correlation). While we only include contractual acquisitions when calculating A/B and A-B, when evaluating qualitative factors, we focus more on a company's track record and our expectation for financial management. In this respect, the quantitative and qualitative factors under the liquidity criteria are meant to complement each other and produce a more comprehensive view of a company's future liquidity position. Credit Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals. Take a look at Machine Learnin

EDUCATIONAL SERVICES OF AMERICA, INC. Credit Rating

BOSTON (AI Credit Rating Terminal) Tue Feb 16 2021 00:19:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated EDUCATIONAL SERVICES OF AMERICA, INC. because Internal models approach when no breakdown by component is available. (We use econometric methods for period (n+7) simulate with Moving Average Convergence Divergence (MACD) Independent T-Test). In our assessment of a company's liquidity, we also consider the impact of unique industry characteristics. Credit 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. Oscillators are used for generating credit risk signals by using the semantic and financial signals. The value of the oscillators indicate the strength of trend. Using the correlation matrices, the credit rating risk map for EDUCATIONAL S

Lydall, Inc. Credit Rating

BOSTON (AI Credit Rating Terminal) Mon Feb 15 2021 23:49:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated Lydall, Inc. because of normalized loss rates using default and transition studies for corporate, sovereign, and financial institutions exposures and our assessment of long-term average annualized through-the-cycle expected losses informed by historical losses for retail and personal exposures. This normalized, through-the-cycle loss estimate is more conservative than an expected loss calculation based on a shorter time horizon, which might exclude periods of recession. (We use econometric methods for period (n+7) simulate with Ichimoku Cloud (IKH) Paired T-Test). In determining how prudent a company's risk management is, we look for evidence that management has historically anticipated potential company-specific or market-related setbacks and has taken necessary actions to ensure sufficient

VF Holding Corp. Credit Rating

BOSTON (AI Credit Rating Terminal) Mon Feb 15 2021 23:19:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated VF Holding Corp. because Incremental risk charge, comprehensive risk measure. (We use econometric methods for period (n+30) simulate with Pearson-Anson Oscillators Stepwise Regression). To assess an issuer's standing in the credit markets, we may look at factors such as equity, debt, and credit default swaps (CDS) trading levels, where available, relative to peers and market averages. For example, lower-than-average debt trading levels or widening rating-adjusted spreads relative to market averages may indicate decreasing market confidence about a company's prospects and ability to meet its debt maturities. As a result, the company could have increased difficulty accessing the capital markets. Credit Rating AI Process rely on primary sources of information: Sec Filings, Financial Statement

Denver Transit Partners Credit Rating

BOSTON (AI Credit Rating Terminal) Mon Feb 15 2021 22:49:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated Denver Transit Partners because of the firm's business is modestly more concentrated than average for peers, and the concentration represents modest incremental risk above what is captured in the anchor, but it is not a key credit weakness. (We use econometric methods for period (n+7) simulate with Triple Exponential Moving Average (TRIX) Ridge Regression). If we believe a company would use cash trapped at a foreign subsidiary to meet debt maturities or other liquidity uses at that foreign subsidiary, we would include this cash as a source of liquidity up to the amount of the corresponding use. We generally haircut the cash to be included under sources when a material proportion of a group's cash is held in a different part of the structure than where the debt is located, and we believe th

FIRST NATIONAL BANK Credit Rating

BOSTON (AI Credit Rating Terminal) Mon Feb 15 2021 22:19:03 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated FIRST NATIONAL BANK because of add or deduct postretirement benefit adjustment. (We use econometric methods for period (n+7) simulate with Stochastic Oscillator ANOVA). The various qualitative factors in the criteria help to identify strengths and weaknesses within a company's future liquidity position that numerical ratios might not fully capture. While there is no size bias in our liquidity assessment, generally, lower-rated entities might meet the quantitative requirements for strong or exceptional liquidity but fail to meet corresponding qualitative factors. Credit 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. Oscillators are us

Seaspan Corporation Cumulative Redeemable Perpetual Preferred Series E (Marshall Islands) Credit Rating

BOSTON (AI Credit Rating Terminal) Mon Feb 15 2021 21:49:03 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated Seaspan Corporation Cumulative Redeemable Perpetual Preferred Series E (Marshall Islands) because of deduct investments in insurance subsidiaries (as per paragraphs 41-43) and significant minority investments in financial institutions. (We use econometric methods for period (n+30) simulate with KDJ Lasso Regression). While the existence of a commercial paper (CP) program can provide companies with alternative sources of short-term funding, such a program would not be considered a committed source of liquidity. Additionally, we do not require the presence of a committed facility to back up the full size of the CP program. For liquidity to be at least adequate, an issuer would need sources of liquidity (for example, committed facility and/or cash balances) to cover at least 100% of expected intra-ye

INVESCO PERPETUAL SELECT TRUST PLC Credit Rating

BOSTON (AI Credit Rating Terminal) Mon Feb 15 2021 21:19:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated INVESCO PERPETUAL SELECT TRUST PLC because market risk charges capture the risk of loss on trading portfolio at a one-year horizon and a 99.9% confidence level. (We use econometric methods for period (n+30) simulate with Tuned Collector Oscillator ANOVA). For companies that engage in reverse factoring--where accounts payable (AP) days are extended beyond the term customary for the industry and supply chain--we assess the likelihood and potential impact on liquidity of these arrangements ceasing to exist. In such a scenario, a company could be subject to material working capital outflows if AP days with its suppliers revert back to industry norms. Accordingly, we exclude these arrangements from sources of liquidity. Credit Rating AI Process rely on primary sources of information: Sec Filings, Finan

Great Water Holdings Ltd Credit Rating

BOSTON (AI Credit Rating Terminal) Mon Feb 15 2021 20:49:03 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated Great Water Holdings Ltd because If a breakdown of revenues by business line is not available, we apply a 188% risk weight to the highest annual revenue of the past three years. (We use econometric methods for period (n+30) simulate with Multi-Wave Oscillators Beta). We do not treat repayments of leases as debt maturities (even if International Financial Reporting Standard 16 shows them as such in the cash flow statement) because we already have reduced FFO by such lease cash outflow. Credit 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. Oscillators are used for generating credit risk signals by using the semantic and financial signals.