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CONMED Corporation Credit Rating & Financial Statements Analysis

BOSTON (AC Invest Credit Rating Terminal) Tue Jan 18 2022 07:42:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below:

Credit Rating Rationales & Model

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-year debt maturities, including CP, over the next 12 months.

Rating Model for CONMED Corporation: We estimate the credit risk parameters by SMoothed Moving Average (SMMA) and Paired T-Test

Credit Ratings for CONMED Corporation as of 18 Jan 2022

Credit Rating Short-Term Long-Term Senior
AI Rating Class*B2B1
Semantic Signals8455
Financial Signals4947
Risk Signals7056
Substantial Risks3282
Speculative Signals4062

*Machine Learning utilizes multiple learning algorithms to obtain better predictive powers. In our research, we utilize machine learning to combine the results from the Neural Network and Support Vector Machines.

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