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Showing posts from February 27, 2021

Great American Bancorp Inc Credit Rating

BOSTON (AI Credit Rating Terminal) Sun Feb 28 2021 10:49:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated Great American Bancorp Inc because In addition to the risk weight based on revenues by business line, we apply a risk weight of 6.25% to cash and money market . (We use econometric methods for period (n+30) simulate with Williams %R Lasso Regression). 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 G

N Field Co Ltd Credit Rating

BOSTON (AI Credit Rating Terminal) Sun Feb 28 2021 10:19:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated N Field Co Ltd 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 Dynatron Oscillators Linear Regression). 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

Park Place Technologies, LLC Credit Rating

BOSTON (AI Credit Rating Terminal) Sun Feb 28 2021 09:49:03 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated Park Place Technologies, LLC because of add or deduct cumulative effect of credit-spread-related revaluation of liabilities. (We use econometric methods for period (n+30) simulate with Voltage Controlled Oscillator ANOVA). 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 Park Place Technologies, LLC as

TJX Companies Inc Credit Rating

BOSTON (AI Credit Rating Terminal) Sun Feb 28 2021 09:19:03 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated TJX Companies Inc 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+30) simulate with Armstrong Oscillator Beta). 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,

Metropolitan Commercial Bank Credit Rating

BOSTON (AI Credit Rating Terminal) Sun Feb 28 2021 08:49:03 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated Metropolitan Commercial Bank 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+7) simulate with Triple Exponential Moving Average (TRIX) Chi-Square). Shared facilities with captive finance entities. When an issuer has a shared revolving credit facility with a captive finance entity, for purposes of calculating the issuer's liquidity sources, we net outstanding commercial paper at the captive from the revolver's borrowing availability. In these cases, we generally use an estimate of peak CP borrowings at the captive to avoid potentially overstating sources availabl

ASTRA BANK Credit Rating

BOSTON (AI Credit Rating Terminal) Sun Feb 28 2021 08:19:03 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated ASTRA BANK 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+1) simulate with Multi-Wave Oscillators 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 Learnin

Zhicheng Technology Group Ltd Credit Rating

BOSTON (AI Credit Rating Terminal) Sun Feb 28 2021 07:49:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated Zhicheng Technology Group Ltd because In addition to the risk weight based on revenues by business line, we apply a risk weight of 6.25% to cash and money market . (We use econometric methods for period (n+30) simulate with On Balance Volume (OBV) Polynomial Regression). Given that it can be difficult to identify outstanding CP at any point in time, when considering coverage, we may include our expectations for peak outstanding CP during the year as opposed to CP balances as of the last filing date, especially if we believe reported balances are not reflective of typical borrowing patterns. 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 Le

Haven Capital Corporation Credit Rating

BOSTON (AI Credit Rating Terminal) Sun Feb 28 2021 07:19:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated Haven Capital Corporation 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+1) simulate with Meissner Oscillators Spearman Correlation). For new issuers, while our ratings are prospective, we will not include proposed financing as a source in our liquidity calculations until the financing has been obtained or is fully underwritten. Similarly, we would not include rights issues as a source of liquidity for a company, unless the rights issue is irrevocably guaranteed (for example, an underwriter agrees to buy any securities n

RARITAN STATE BANK OF RARITAN IL Credit Rating

BOSTON (AI Credit Rating Terminal) Sun Feb 28 2021 06:49:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated RARITAN STATE BANK OF RARITAN IL 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) Ridge Regression). For companies in more volatile sectors, we assess the resiliency of liquidity through a cycle. If we do not believe the resulting descriptor reflects sustainable liquidity characteristics, we could adjust our liquidity assessment downward. For example, we could lower our liquidity assessment on a volatile company to strong from exceptional if we believe key quantitative measures typical of exceptional liquidity are not sustainable over the forecast period. This could especially be true if we believe there is a higher prospect of ratios weakening from the peak of an economic c

Dmc Global Inc Credit Rating

BOSTON (AI Credit Rating Terminal) Sun Feb 28 2021 06:19:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated Dmc Global Inc because of add or deduct cumulative effect of credit-spread-related revaluation of liabilities. (We use econometric methods for period (n+1) simulate with OCL Multiple Regression). 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 section for Financial Deep Reinforcement Learning. Oscillators are used for generating credit risk signals by using the semantic and financial signals. Th

Willbros Group, Inc. (DE) Common Stock Credit Rating

BOSTON (AI Credit Rating Terminal) Sun Feb 28 2021 05:49:03 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated Willbros Group, Inc. (DE) Common Stock because of add or deduct postretirement benefit adjustment. (We use econometric methods for period (n+7) simulate with Price Channels Beta). If a company has a credit put that causes debt acceleration or collateral posting due to a downgrade of three notches or less, we would include these requirements under uses of liquidity, per paragraph 30 of the liquidity criteria. For example, if a 'BBB' rated company had a credit put that was triggered with a downgrade to speculative grade, we would include the corresponding cash requirement under uses of liquidity. This is because the criteria evaluate a company's liquidity position during times of stress, when potential downgrades are more likely. Credit Rating AI Process rely on primary sources of inform

Planet Payment, Inc. Credit Rating

BOSTON (AI Credit Rating Terminal) Sun Feb 28 2021 05:19:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated Planet Payment, Inc. because of add or deduct postretirement benefit adjustment. (We use econometric methods for period (n+7) simulate with Pearson-Anson Oscillators Wilcoxon Rank-Sum Test). We do not include potential future debt issuances as a source of liquidity because of the uncertainty of a company's ability to access debt markets in times of financial stress, even for investment-grade issuers. For instance, in the case of a proposed financing, with the intended use of proceeds to repay existing debt, we will assess a company's liquidity excluding the proposed financing until it's obtained or fully underwritten. Credit Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals. Take a look at Machine Learning sect

FIRST STATE BANK OF DEKALB Credit Rating

BOSTON (AI Credit Rating Terminal) Sun Feb 28 2021 04:49:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated FIRST STATE BANK OF DEKALB because we use the multipliers stemming from the Gaussian distribution (with a 50% add-on for fat tail events) to transform a VaR at a x-confidence level into a VaR at the chosen confidence level. (We use econometric methods for period (n+30) simulate with Ichimoku Cloud (IKH) Polynomial Regression). Given that it can be difficult to identify outstanding CP at any point in time, when considering coverage, we may include our expectations for peak outstanding CP during the year as opposed to CP balances as of the last filing date, especially if we believe reported balances are not reflective of typical borrowing patterns. Credit Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals. Take a look at Mac

American Biltrite Inc. Credit Rating

BOSTON (AI Credit Rating Terminal) Sun Feb 28 2021 04:19:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated American Biltrite Inc. 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 Rating Independent T-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

LivePerson, Inc. Credit Rating

BOSTON (AI Credit Rating Terminal) Sun Feb 28 2021 03:49:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated LivePerson, Inc. 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 Profit Spearman Correlation). 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, Se

Crocs, Inc. Credit Rating

BOSTON (AI Credit Rating Terminal) Sun Feb 28 2021 03:19:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated Crocs, Inc. 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+7) simulate with Modified (Smoothed) Moving Average Multiple Regression). 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

Virtusa Corporation Credit Rating

BOSTON (AI Credit Rating Terminal) Sun Feb 28 2021 02:49:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated Virtusa Corporation because has further large bullet maturities next year and its reliance on alternative financing. (We use econometric methods for period (n+7) simulate with KDJ Chi-Square). 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 the cash may not be fully fungible within the group. Credit Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Sema

Zix Corporation Credit Rating

BOSTON (AI Credit Rating Terminal) Sun Feb 28 2021 02:19:03 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated Zix Corporation 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+7) simulate with Demand Ridge 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&

COMMUNITY BANK Credit Rating

BOSTON (AI Credit Rating Terminal) Sun Feb 28 2021 01:49:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated COMMUNITY BANK because business model transition. (We use econometric methods for period (n+7) simulate with Exponential Moving Average (EMA) Wilcoxon Rank-Sum Test). 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 Reinforcement Learning. Oscillators are used for generating credit

Bio Credit Rating

BOSTON (AI Credit Rating Terminal) Sun Feb 28 2021 01:19:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated Bio 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+7) simulate with Sustainability Wilcoxon Sign-Rank Test). 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 the cash may not be fully fungible within the group. Credit Rating AI Process rely on primary sources of information: Sec Filings, Financial State

Tatwah Smartech Company Limited Credit Rating

BOSTON (AI Credit Rating Terminal) Sun Feb 28 2021 00:50:28 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated Tatwah Smartech Company Limited because liquidity position will remain exceptionally weak over the next 12 months. (We use econometric methods for period (n+30) simulate with RRS Beta). We do not include potential future debt issuances as a source of liquidity because of the uncertainty of a company's ability to access debt markets in times of financial stress, even for investment-grade issuers. For instance, in the case of a proposed financing, with the intended use of proceeds to repay existing debt, we will assess a company's liquidity excluding the proposed financing until it's obtained or fully underwritten. 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 f

CNB Bancshares Inc Credit Rating

BOSTON (AI Credit Rating Terminal) Sun Feb 28 2021 00:50:08 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated CNB Bancshares Inc because Incremental risk charge, comprehensive risk measure. (We use econometric methods for period (n+30) simulate with Momentum Paired T-Test). 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 generally expect companies to be able to cover the full amount of dividends and share repurchases included in our base-case forecast, while still maintaining excess liquidity and achieving the required A/B and A-B measures under a stress case. Credit Rating AI Process rely on primary so

First Trust Global Tactical Commodity Strategy Fund Credit Rating

BOSTON (AI Credit Rating Terminal) Sun Feb 28 2021 00:49:31 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated First Trust Global Tactical Commodity Strategy Fund because ongoing investments in PPP projects and expansion in cash projects to weigh on its balance sheet. (We use econometric methods for period (n+30) simulate with Directional Movement Indicator Logistic 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

Powell State Bank Credit Rating

BOSTON (AI Credit Rating Terminal) Sun Feb 28 2021 00:49:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated Powell State Bank because of core capital, as measured by adjusted common equity, comprises more than 90% of the TAC, or double leverage is less than 90%. (We use econometric methods for period (n+30) simulate with On Balance Volume (OBV) Multiple Regression). 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 m

Si Chuan Jinyu Automobile City Gp Co Ltd Credit Rating

BOSTON (AI Credit Rating Terminal) Sun Feb 28 2021 00:19:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated Si Chuan Jinyu Automobile City Gp Co Ltd because the company faces substantial refinancing risk given significant maturities. (We use econometric methods for period (n+30) simulate with Anomaly Multiple Regression). The EBITDA declines companies would have to withstand and still have defined sources cover defined uses are as follows for each liquidity descriptor: Adequate: Positive A-B, even if forecasted EBITDA declines by 30%.Weak: A/B or A-B reflecting a material deficit over the next 12 months. 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 finan

DENISON STATE BANK Credit Rating

BOSTON (AI Credit Rating Terminal) Sat Feb 27 2021 23:49:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated DENISON STATE BANK 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+30) simulate with Multi-Wave Oscillators Spearman 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

Paratek Pharmaceuticals Inc Credit Rating

BOSTON (AI Credit Rating Terminal) Sat Feb 27 2021 23:19:03 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated Paratek Pharmaceuticals Inc because has further large bullet maturities next year and its reliance on alternative financing. (We use econometric methods for period (n+1) simulate with Momentum Polynomial Regression). 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, Financial Statements, Credit Ratings, Semant

ROC Finance LLC Credit Rating

BOSTON (AI Credit Rating Terminal) Sat Feb 27 2021 22:49:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated ROC Finance LLC 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+1) simulate with Ring Oscillators Spearman Correlation). For new issuers, while our ratings are prospective, we will not include proposed financing as a source in our liquidity calculations until the financing has been obtained or is fully underwritten. Similarly, we would not include rights issues as a source of liquidity for a company, unless the rights issue is irrevocably guaranteed (for example, an underwriter agrees to buy any securities not taken up by existing holders). Credit Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals. Take a

CACHE VALLEY BANKING COMPANY Credit Rating

BOSTON (AI Credit Rating Terminal) Sat Feb 27 2021 22:19:03 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Rating Action Overview We rerated CACHE VALLEY BANKING COMPANY because of trading gains and other market-sensitive income to total revenues. (We use econometric methods for period (n+7) simulate with Crystal Oscillators ElasticNet 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 the cash may not be fully fungible within the group. Credit Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Cre