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.XL Specialty Insurance Company Assigned Short-Term B3 & Long-Term B2 Credit Rating. How Does Credit Rating Model Work? Rating Model for XL Specialty Insurance Company: We estimate the credit risk parameters by Demand and ANOVA Credit Ratings for XL Specialty Insurance Company as of 01 Mar 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B3 B2 Semantic Signals 67 80 Financial Signals 31 52 Risk Signals 31 51 Substantial Risks 33 44 Speculative Signals 85 32 *Machine Learning utiliz
