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Showing posts from June 2, 2021

Frontier California Inc. Credit Rating & Financial Statements Analysis

BOSTON (AI Credit Rating Terminal) Thu Jun 03 2021 10:30:01 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Financial Statements Overview & Credit Rating Rationales We rerated Frontier California Inc. because Internal models approach when no breakdown by component is available. (We use econometric methods for period (n+1) simulate with Bollinger Bands %B Sign 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 De

Shandong Jinling Mining Co., Ltd. Credit Rating & Financial Statements Analysis

BOSTON (AI Credit Rating Terminal) Thu Jun 03 2021 10:00:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Financial Statements Overview & Credit Rating Rationales We rerated Shandong Jinling Mining Co., Ltd. because business model transition. (We use econometric methods for period (n+1) simulate with Price Oscillator (PPO) Multiple Regression). To assess forecasted working capital outflows for companies with material intra-year working capital requirements (for example, companies in seasonal businesses), we use forecasted peak working capital outflows, per paragraph 32 of the liquidity criteria. For seasonal businesses, in many cases the annual projection might indicate a working capital inflow or neutral working capital, even though there could be material intra-quarter or inter-quarter outflows throughout the year. Credit Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings,

Tower Group, Inc. Credit Rating & Financial Statements Analysis

BOSTON (AI Credit Rating Terminal) Thu Jun 03 2021 09:30:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Financial Statements Overview & Credit Rating Rationales We rerated Tower Group, 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+1) simulate with Price Oscillator (PPO) Linear Regression). 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 cr

Key Treasury Management Co. Credit Rating & Financial Statements Analysis

BOSTON (AI Credit Rating Terminal) Thu Jun 03 2021 09:00:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Financial Statements Overview & Credit Rating Rationales We rerated Key Treasury Management Co. because of management has no or few defined standards and tolerances and little risk management capability. (We use econometric methods for period (n+30) simulate with Dynatron Oscillators Simple Regression). Additionally, we exclude revolver borrowing availability that we believe would be inaccessible due to covenant constraints. For revolving credit facilities with extension options, we include the extension period(s) under sources of liquidity only if the option is at the discretion of the borrower. If lenders have the option to terminate commitments at each extension point, we only include the borrowing availability under the facility up to the first extension date. Credit Rating AI Process rely on primary sources of information

Vector Inc Credit Rating & Financial Statements Analysis

BOSTON (AI Credit Rating Terminal) Thu Jun 03 2021 08:30:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Financial Statements Overview & Credit Rating Rationales We rerated Vector Inc because risk weight to investments in mutual funds and other collective investment undertakings if the underlying exposures are not disclosed. (We use econometric methods for period (n+7) simulate with Price Oscillator (PPO) Wilcoxon Rank-Sum Test). To assess forecasted working capital outflows for companies with material intra-year working capital requirements (for example, companies in seasonal businesses), we use forecasted peak working capital outflows, per paragraph 32 of the liquidity criteria. For seasonal businesses, in many cases the annual projection might indicate a working capital inflow or neutral working capital, even though there could be material intra-quarter or inter-quarter outflows throughout the year. Credit Rating AI Process re

Emerson Radio Corp Credit Rating & Financial Statements Analysis

BOSTON (AI Credit Rating Terminal) Thu Jun 03 2021 08:00:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Financial Statements Overview & Credit Rating Rationales We rerated Emerson Radio Corp 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 Volume + Moving Average Independent T-Test). 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 p

CORNERSTONE BANK Credit Rating & Financial Statements Analysis

BOSTON (AI Credit Rating Terminal) Thu Jun 03 2021 07:30:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Financial Statements Overview & Credit Rating Rationales We rerated CORNERSTONE BANK because of trading gains and other market-sensitive income to total revenues. (We use econometric methods for period (n+7) simulate with Ring Oscillators Paired T-Test). 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. Risk Heat Map for CO

MINDEN EXCHANGE BANK AND TRUST COMPANY Credit Rating & Financial Statements Analysis

BOSTON (AI Credit Rating Terminal) Thu Jun 03 2021 07:00:01 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Financial Statements Overview & Credit Rating Rationales We rerated MINDEN EXCHANGE BANK AND TRUST COMPANY because of the level of the two metrics relative to the entity's credit and market risks. (We use econometric methods for period (n+30) simulate with Ring Oscillators Beta). 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 requires a company to establish a track record among investors. These costs and information asymmetry issues sometimes make it impractical for smaller

Clover Technologies Group, LLC Credit Rating & Financial Statements Analysis

BOSTON (AI Credit Rating Terminal) Thu Jun 03 2021 06:30:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Financial Statements Overview & Credit Rating Rationales We rerated Clover Technologies Group, LLC because of idealized loss rates for particular credit risk assets from a substantial economic stress in developed markets. (We use econometric methods for period (n+7) simulate with RRS Wilcoxon Rank-Sum Test). 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. Cre

Southcross Energy Partners, L.P. Common Units representing limited partner interest in the Partnership Credit Rating & Financial Statements Analysis

BOSTON (AI Credit Rating Terminal) Thu Jun 03 2021 06:00:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Financial Statements Overview & Credit Rating Rationales We rerated Southcross Energy Partners, L.P. Common Units representing limited partner interest in the Partnership 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+7) simulate with Aroon Lasso Regression). In these cases, the level of capital expenditures will be lower than estimates in our base-case forecast to determine an issuer's financial risk profile, particularly for companies that are pursuing discrete growth projects that have not been committed or can be easily curtailed in case of a need to preserve cash. Credit Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Sig

PILOT BANK Credit Rating & Financial Statements Analysis

BOSTON (AI Credit Rating Terminal) Thu Jun 03 2021 05:30:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Financial Statements Overview & Credit Rating Rationales We rerated PILOT BANK because of add or deduct postretirement benefit adjustment. (We use econometric methods for period (n+7) simulate with Price Oscillator (PPO) ElasticNet Regression). 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 requires a company to establish a track record among investors. These costs and information asymmetry issues sometimes make it impractical for smaller, speculative-grade issuers to raise sma

Heyu Biological Technology Corp Credit Rating & Financial Statements Analysis

BOSTON (AI Credit Rating Terminal) Thu Jun 03 2021 05:00:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Financial Statements Overview & Credit Rating Rationales We rerated Heyu Biological Technology Corp 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+7) simulate with SMoothed Moving Average (SMMA) Independent 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. Risk Heat Map for Heyu Biological Technology Corp as of 03 Jun 2021 Oscillators are used for generat

MeetMe, Inc. Credit Rating & Financial Statements Analysis

BOSTON (AI Credit Rating Terminal) Thu Jun 03 2021 04:30:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Financial Statements Overview & Credit Rating Rationales We rerated MeetMe, 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+1) simulate with Chaikin Oscillator Linear 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, Sem

Arena Pharmaceuticals, Inc. Credit Rating & Financial Statements Analysis

BOSTON (AI Credit Rating Terminal) Thu Jun 03 2021 04:00:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Financial Statements Overview & Credit Rating Rationales We rerated Arena Pharmaceuticals, Inc. because explicitly excluded by regulation from those liabilities that may be bailed in if the obligor enters a bail-in resolution. (We use econometric methods for period (n+30) simulate with Envelope (ENV) Sign 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. Risk Heat Map for Arena Pharmaceuticals, Inc. as of 03 Jun 2021 Oscillators are used for generating credit risk signals by using

Gree Electric Appliances Inc of Zhuhai Credit Rating & Financial Statements Analysis

BOSTON (AI Credit Rating Terminal) Thu Jun 03 2021 03:30:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Financial Statements Overview & Credit Rating Rationales We rerated Gree Electric Appliances Inc of Zhuhai 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 Momentum Wilcoxon Sign-Rank Test). For exceptional and strong liquidity assessments, we characterize standing in the credit markets as generally high, and for adequate liquidity, we view standing in the credit markets as satisfactory. We distinguish between these descriptors based on analytical judgment and mainly consider the diversity of funding sources available to an entity. Credit Rating AI Process rely on primary sources of i

Liberty All Credit Rating & Financial Statements Analysis

BOSTON (AI Credit Rating Terminal) Thu Jun 03 2021 03:00:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Financial Statements Overview & Credit Rating Rationales We rerated Liberty All because of management is often unable to convert strategic decisions into constructive action; often fails to achieve its financial/operational goals. (We use econometric methods for period (n+1) simulate with Keltner Channels Lasso Regression). 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 R

Temple-Inland, Inc. Credit Rating & Financial Statements Analysis

BOSTON (AI Credit Rating Terminal) Thu Jun 03 2021 02:30:03 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Financial Statements Overview & Credit Rating Rationales We rerated Temple-Inland, Inc. because of add or deduct cumulative effect of credit-spread-related revaluation of liabilities. (We use econometric methods for period (n+7) simulate with Pierce Oscillators ANOVA). Our liquidity uses include dividends and share repurchases that we expect under a stress scenario. Unlike other potential uses of liquidity, such as debt maturities or maintenance capital spending, we view dividends and share repurchases as more discretionary, although more so for the latter. For this reason, when evaluating a company's liquidity position, we may use a lower estimate of dividends and shareholder repurchases than in our base-case forecast based on our views of management and the company's track record in terms of shareholder returns and m

AvalonBay Communities, Inc. Common Stock Credit Rating & Financial Statements Analysis

BOSTON (AI Credit Rating Terminal) Thu Jun 03 2021 02:00:03 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Financial Statements Overview & Credit Rating Rationales We rerated AvalonBay Communities, Inc. Common Stock because free cash flow negative and leverage high. (We use econometric methods for period (n+30) simulate with Ratiocator (RAT) Wilcoxon Sign-Rank Test). 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

NORTH ALABAMA BANK Credit Rating & Financial Statements Analysis

BOSTON (AI Credit Rating Terminal) Thu Jun 03 2021 01:30:03 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Financial Statements Overview & Credit Rating Rationales We rerated NORTH ALABAMA BANK because of business mix, revenue stability, market position, and customer base (confidence sensitivity of clients and other outside commercial parties). In situations where profitability has a material negative impact on market position, this may limit the assessment. (We use econometric methods for period (n+30) simulate with Pierce Oscillators 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

Edmonton Bancshares. Inc. Credit Rating & Financial Statements Analysis

BOSTON (AI Credit Rating Terminal) Thu Jun 03 2021 01:00:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Financial Statements Overview & Credit Rating Rationales We rerated Edmonton Bancshares. Inc. because of strategic positioning, operational performance, organizational effectiveness, risk and financial management, and governance. (We use econometric methods for period (n+1) simulate with Anomaly 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. Risk Heat Map for Edmonton Bancshares. Inc. as of 03 Jun 2021 Oscillators are used for generating credit risk signals by using the s

Yihua Healthcare Co Ltd Credit Rating & Financial Statements Analysis

BOSTON (AI Credit Rating Terminal) Thu Jun 03 2021 00:30:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Financial Statements Overview & Credit Rating Rationales We rerated Yihua Healthcare Co Ltd because free cash flow negative and leverage high. (We use econometric methods for period (n+30) simulate with Parabolic SAR (PSAR) Polynomial 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 Filings, Financial Statements, Credit

Nuveen Real Asset Income and Growth Fund Common Shares of Beneficial Interest Credit Rating & Financial Statements Analysis

BOSTON (AI Credit Rating Terminal) Thu Jun 03 2021 00:00:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Financial Statements Overview & Credit Rating Rationales We rerated Nuveen Real Asset Income and Growth Fund Common Shares of Beneficial Interest because Internal models approach when no breakdown by component is available. (We use econometric methods for period (n+30) simulate with RC Phase Shift Oscillator Chi-Square). 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

CATCO REINSURANCE OPPORTUNITIES FUND LIMITED Credit Rating & Financial Statements Analysis

BOSTON (AI Credit Rating Terminal) Wed Jun 02 2021 23:30:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Financial Statements Overview & Credit Rating Rationales We rerated CATCO REINSURANCE OPPORTUNITIES FUND LIMITED because of at least one of the following applies: shareholders are supportive of strong capital, with lower expectations for dividends and share buybacks; the firm has concrete commitments from outside parties to provide it with material amounts of loss-absorbing capital that practically can be exercised while still a going concern; or the firm is at least adequately capitalized and a committed strong financial partner or backer bolsters financial flexibility. (We use econometric methods for period (n+7) simulate with Aroon Polynomial 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

Flotek Industries Inc Credit Rating & Financial Statements Analysis

BOSTON (AI Credit Rating Terminal) Wed Jun 02 2021 23:00:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Financial Statements Overview & Credit Rating Rationales We rerated Flotek Industries Inc because of emergence of unexpected operational risks regularly affects earnings or cash flow. (We use econometric methods for period (n+1) simulate with Armstrong Oscillator Simple Regression). For exceptional and strong liquidity assessments, we characterize standing in the credit markets as generally high, and for adequate liquidity, we view standing in the credit markets as satisfactory. We distinguish between these descriptors based on analytical judgment and mainly consider the diversity of funding sources available to an entity. 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

State Farm Life & Accident Assurance Co. Credit Rating & Financial Statements Analysis

BOSTON (AI Credit Rating Terminal) Wed Jun 02 2021 22:30:03 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Financial Statements Overview & Credit Rating Rationales We rerated State Farm Life & Accident Assurance Co. 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 Pierce Oscillators Beta). In this scenario, we would still include the existing debt maturity as a use of liquidity in our A/B and A-B calculations, if the debt matures within the corresponding liquidity

FNB Bancshares, Inc. Credit Rating & Financial Statements Analysis

BOSTON (AI Credit Rating Terminal) Wed Jun 02 2021 22:00:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Financial Statements Overview & Credit Rating Rationales We rerated FNB Bancshares, Inc. because of concentration of revenue contribution from different business lines (and products within those lines), geographies, and customers. (We use econometric methods for period (n+1) simulate with RC Phase Shift Oscillator Sign Test). 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

JACKSON COUNTY BANK Credit Rating & Financial Statements Analysis

BOSTON (AI Credit Rating Terminal) Wed Jun 02 2021 21:30:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Financial Statements Overview & Credit Rating Rationales We rerated JACKSON COUNTY BANK bacause the bail-in of that type of liability would not provide any economic benefit to the resolution or would even destroy value. (We use econometric methods for period (n+30) simulate with Bollinger Bands Width Ridge Regression). 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 sectio

LWCBANCORP, INC. Credit Rating & Financial Statements Analysis

BOSTON (AI Credit Rating Terminal) Wed Jun 02 2021 21:00:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Financial Statements Overview & Credit Rating Rationales We rerated LWCBANCORP, INC. because explicitly excluded by regulation from those liabilities that may be bailed in if the obligor enters a bail-in resolution. (We use econometric methods for period (n+30) simulate with Tri-tet Oscillators Stepwise 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 high