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:
Rating Model for CONMED Corporation: We estimate the credit risk parameters by SMoothed Moving Average (SMMA) and Paired T-Test
*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.
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* | B2 | B1 |
| Semantic Signals | 84 | 55 |
| Financial Signals | 49 | 47 |
| Risk Signals | 70 | 56 |
| Substantial Risks | 32 | 82 |
| Speculative Signals | 40 | 62 |
*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.