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Showing posts from March, 2022

NORTHEAST COMMUNITY BANK Assigned Short-Term B2 & Long-Term B1 Credit Rating

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.NORTHEAST COMMUNITY BANK Assigned Short-Term B2 & Long-Term B1 Credit Rating. How Does Credit Rating Model Work? Rating Model for NORTHEAST COMMUNITY BANK: We estimate the credit risk parameters by Dynatron Oscillators and Chi-Square Credit Ratings for NORTHEAST COMMUNITY BANK as of 01 Apr 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B2 B1 Semantic Signals 66 85 Financial Signals 51 73 Risk Signals 79 30 Substantial Risks 44 76 Speculative Signals 44 33 *Machine Learning utilizes multiple learning algorithms to obtain better predictive powers. In our research, we utilize machine learning to combine the results from the Neu

Guangdong Highsun Group Co Ltd Assigned Short-Term Ba1 & Long-Term Ba3 Credit Rating

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.Guangdong Highsun Group Co Ltd Assigned Short-Term Ba1 & Long-Term Ba3 Credit Rating. How Does Credit Rating Model Work? Rating Model for Guangdong Highsun Group Co Ltd: We estimate the credit risk parameters by Bollinger Bands %B and ElasticNet Regression Credit Ratings for Guangdong Highsun Group Co Ltd as of 01 Apr 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* Ba1 Ba3 Semantic Signals 62 66 Financial Signals 88 57 Risk Signals 55 52 Substantial Risks 81 85 Speculative Signals 64 68 *Machine Learning utilizes multiple learning algorithms to obtain better predictive powers. In our research, we

IOWA STATE BANK Assigned Short-Term B2 & Long-Term Baa2 Credit Rating

For these reasons, although the criteria establish no rating threshold for liquidity, we typically expect: Instances of 'B+' and below rated issuers achieving liquidity descriptors higher than adequate to be rare and Few companies to qualify for the exceptional category, and these entities to typically have issuer credit ratings of 'BBB-' or above.IOWA STATE BANK Assigned Short-Term B2 & Long-Term Baa2 Credit Rating. How Does Credit Rating Model Work? Rating Model for IOWA STATE BANK: We estimate the credit risk parameters by EMR and Linear Regression Credit Ratings for IOWA STATE BANK as of 01 Apr 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B2 Baa2 Semantic Signals 66 55 Financial Signals 77 69 Risk Signals 45 83 Substantial Risks 59 72 Speculative Signals 39 87 *Machine Learning utilizes multiple learning algorithms to obtain better predictive powers. In our research, we utilize machine learning to combine the resu

Guolian Securities Co Ltd Assigned Short-Term B1 & Long-Term Ba3 Credit Rating

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.Guolian Securities Co Ltd Assigned Short-Term B1 & Long-Term Ba3 Credit Rating. How Does Credit Rating Model Work? Rating Model for Guolian Securities Co Ltd: We estimate the credit risk parameters by Electron Coupled Oscillators and Wilcoxon Rank-Sum Test Credit Ratings for Guolian Securities Co Ltd as of 01 Apr 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B1 Ba3 Semantic Signals 42 85 Financial Signals 76 85 Risk Signals 84 58 Substantial Risks 60 51 Speculative Signals 32 34 *Machine Learning utilizes multiple learning algorithms to obtain better predictive powers. In our research, we utilize machine learning to combine

Cornerstone Bancshares Assigned Short-Term B1 & Long-Term Ba1 Credit Rating

When evaluating uses of liquidity, we include all debt maturities over the liquidity horizon that are either recourse to the company, or nonrecourse that we believe the company will support even in times of stress. In cases where the debt includes a put option held by debtholders, we will consider the date of the put option the effective debt maturity--i.e., we will assume the debt will need to be repaid/refinanced on the day the put can be first exercised.Cornerstone Bancshares Assigned Short-Term B1 & Long-Term Ba1 Credit Rating. How Does Credit Rating Model Work? Rating Model for Cornerstone Bancshares: We estimate the credit risk parameters by Triple Exponential Moving Average (TRIX) and Logistic Regression Credit Ratings for Cornerstone Bancshares as of 01 Apr 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B1 Ba1 Semantic Signals 69 84 Financial Signals 67 61 Risk Signals 53 82 Substantial Risks 69 72 Speculative Signals 32 52 *Mach

Swedbank AB, New York Branch Assigned Short-Term Ba1 & Long-Term Ba3 Credit Rating

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.Swedbank AB, New York Branch Assigned Short-Term Ba1 & Long-Term Ba3 Credit Rating. How Does Credit Rating Model Work? Rating Model for Swedbank AB, New York Branch: We estimate the credit risk parameters by Expectation and Paired T-Test Credit Ratings for Swedbank AB, New York Branch as of 01 Apr 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* Ba1 Ba3 Semantic Signals 77 79 Financial Signals 89 56 Risk Signals 47 35 Substantial Risks 50 80 Speculative Signals 89 71

ICICI Lombard General Insurance Company Limited Assigned Short-Term B3 & Long-Term B2 Credit Rating

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.ICICI Lombard General Insurance Company Limited Assigned Short-Term B3 & Long-Term B2 Credit Rating. How Does Credit Rating Model Work? Rating Model for ICICI Lombard General Insurance Company Limited: We estimate the credit risk parameters by RRS and Simple Regression Credit Ratings for ICICI Lombard General Insurance Company Limited as of 01 Apr 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B3 B2 Semantic Signals 50 31 Financ

Tibet Tianlu Co., Ltd. Assigned Short-Term Ba3 & Long-Term Ba3 Credit Rating

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 available to the issuer over a 12- to 24-month period.Tibet Tianlu Co., Ltd. Assigned Short-Term Ba3 & Long-Term Ba3 Credit Rating. How Does Credit Rating Model Work? Rating Model for Tibet Tianlu Co., Ltd.: We estimate the credit risk parameters by Relative Strength Index (RSI) and Polynomial Regression Credit Ratings for Tibet Tianlu Co., Ltd. as of 01 Apr 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* Ba3 Ba3 Semantic Signals 63 76 Financial Signals 69 84 Risk Signals 52 38 Substantial Risks 57 77 Speculative Signals 84 36

GENBEACH CO., INC. Assigned Short-Term B1 & Long-Term B2 Credit Rating

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.GENBEACH CO., INC. Assigned Short-Term B1 & Long-Term B2 Credit Rating. How Does Credit Rating Model Work? Rating Model for GENBEACH CO., INC.: We estimate the credit risk parameters by EMR and Multiple Regression Credit Ratings for GENBEACH CO., INC. as of 01 Apr 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B1 B2 Semantic Signals 59 56 Financial Signals 30 64 Risk Signals 82 32 Substantial Risks 45 32 Speculative Signals 84 73 *Machine Learning utilizes multiple learning algorithms to obtain better predictive powers. In our researc

JAMESTOWN STATE BANK Assigned Short-Term B1 & Long-Term Ba2 Credit Rating

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.JAMESTOWN STATE BANK Assigned Short-Term B1 & Long-Term Ba2 Credit Rating. How Does Credit Rating Model Work? Rating Model for JAMESTOWN STATE BANK: We estimate the credit risk parameters by Williams %R and ANOVA Credit Ratings for JAMESTOWN STATE BANK as of 01 Apr 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B1 Ba2 Semantic Signals 73 89 Financial Signals 62 82 Risk Signals 42 68 Substantial Risks 85 49 Speculative Signals 44 52 *Machine Learning utilizes multiple learning al

CounterPath Corporation Assigned Short-Term B1 & Long-Term B1 Credit Rating

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.CounterPath Corporation Assigned Short-Term B1 & Long-Term B1 Credit Rating. How Does Credit Rating Model Work? Rating Model for CounterPath Corporation: We estimate the credit risk parameters by Sustainability and Sign Test Credit Ratings for CounterPath Corporation as of 01 Apr 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B1 B1 Semantic Signals 46 34 Financial Signals 73 89 Risk Signals 50 56 Substantial Risks 76 87 Speculative Signals 66 32 *Machine Learning

Crown Crafts, Inc. Assigned Short-Term B1 & Long-Term Ba3 Credit Rating

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.Crown Crafts, Inc. Assigned Short-Term B1 & Long-Term Ba3 Credit Rating. How Does Credit Rating Model Work? Rating Model for Crown Crafts, Inc.: We estimate the credit risk parameters by Dynatron Oscillators and Stepwise Regression Credit Ratings for Crown Crafts, Inc. as of 01 Apr 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B1 Ba3 Semantic Signals 72 90 Financial Signals 56 48 Risk Signals 30 65 Substantial Risks 85 85 Speculative Signals 49 39 *Machine Learning utilizes multiple learning algorithms to obtain better predictive pow

Magal Security Systems Ltd. Assigned Short-Term Ba3 & Long-Term Baa2 Credit Rating

Investments should be able to be quickly liquidated without requiring deep discounts to their carrying value. This does not preclude long-term investments from being included. It does, however, exclude large stakes in non-liquid equity investments.Magal Security Systems Ltd. Assigned Short-Term Ba3 & Long-Term Baa2 Credit Rating. How Does Credit Rating Model Work? Rating Model for Magal Security Systems Ltd.: We estimate the credit risk parameters by RRS and Polynomial Regression Credit Ratings for Magal Security Systems Ltd. as of 01 Apr 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* Ba3 Baa2 Semantic Signals 47 60 Financial Signals 82 87 Risk Signals 70 66 Substantial Risks 56 70 Speculative Signals 65 82 *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.Take a look at: How Do

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