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Showing posts from January 22, 2022

IR Japan Holdings Ltd Credit Rating & Financial Statements Analysis

BOSTON (AC Invest Credit Rating Terminal) Sun Jan 23 2022 10:42:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Credit Rating Rationales & Model 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. Rating Model for IR Japan Holdings Ltd: We estimate the credit risk parameters by Simple Moving Average (SMA) and Multiple Regression Credit Ratings for IR Japan Holdings Ltd as of 23 Jan 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B1 B1 Semantic Signals 65 55 Financial Signals 30 31 Risk Signals 69 59 Substantial Risks 60 67 Speculative Sig

TechCare Corp Credit Rating & Financial Statements Analysis

BOSTON (AC Invest Credit Rating Terminal) Sun Jan 23 2022 09:42:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Credit Rating Rationales & Model 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. Rating Model for TechCare Corp: We estimate the credit risk parameters by On Balance Volume (OBV) and Stepwise Regression Credit Ratings for TechCare Corp as of 23 Jan 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* Baa2 B2 Semantic Signals 84 51 Financial Signals 41 30 Risk Signals 84 76 Substantial Risks 86 62 Speculative Signals 71 36 *Machine Learning utilizes multiple learning alg

NASDAQ:NESR Stock Forecast, Price Targets (Buy or Sell) | NESR National Energy Services Reunited Corp. Analyst Ratings

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 with Ring Oscillators and Ridge Regression. Machine Learning based stock forecast (n+15) for NESR National Energy Services Reunited Corp. as below: NESR National Energy Services Reunited Corp. Stock Forecast (Buy or Sell) as of 23 Jan 2022 for (n+15) How Does Forecast Model Work? x axis:Likelihood % y axis:Potential Impact % z axis:Color (yellow to green) Technical Analysis % NASDAQ:NESR Stock Forecast Rationales & Analyst Ratings Time series to forecast n: 23 Jan 2022 for (n+15) 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 w

ROSE PETROLEUM PLC Credit Rating & Financial Statements Analysis

BOSTON (AC Invest Credit Rating Terminal) Sun Jan 23 2022 08:42:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Credit Rating Rationales & Model 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 horizon. The rationale is that our liquidity assessment is essentially a stress test against a sudden and severe loss of capital markets access availability. For companies with an anchor of at least 'bbb-' that meet certain characteristics, as outlined in paragraphs 38 and 39 of the criteria, we may use a shorter three- to six-month time horizon when assessing upcoming maturities. Rating Model for ROSE PETROLEUM PLC: We estimate the credit risk parameters by Clapp Oscillators and Spearman Correlation Credit Ratings for ROSE PETROLEUM PLC as of 23 Jan 2022 Credit Rating Short-Term Long-Term

NASDAQ:STOK Stock Forecast, Price Targets (Buy or Sell) | STOK Stoke Therapeutics Analyst Ratings

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 with Average True Range (ATR) and Sign Test. Machine Learning based stock forecast (n+3m) for STOK Stoke Therapeutics as below: STOK Stoke Therapeutics Stock Forecast (Buy or Sell) as of 23 Jan 2022 for (n+3m) How Does Forecast Model Work? x axis:Likelihood % y axis:Potential Impact % z axis:Color (yellow to green) Technical Analysis % NASDAQ:STOK Stock Forecast Rationales & Analyst Ratings Time series to forecast n: 23 Jan 2022 for (n+3m) 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 under uses (B) of liquidity, system-related cash needed to run the business should be included in sources, along with items such as customer advances. We estimate STOK Stoke Therapeut

Novavax, Inc. Credit Rating & Financial Statements Analysis

BOSTON (AC Invest Credit Rating Terminal) Sun Jan 23 2022 07:42:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Credit Rating Rationales & Model 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. Rating Model for Novavax, Inc.: We estimate the credit risk parameters by On Balance Volume (OBV) and Beta Credit Ratings for Novavax, Inc. as of 23 Jan 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B1 B2 Semantic Signals 43 54 Financial Signals 61 30 Risk Signals 34 79 Substantial Risks 83 69 Speculative Signals 79 40 *Machine Learning utilizes multiple learning algorithms to obtain

NASDAQ:EGRX Stock Forecast, Price Targets (Buy or Sell) | EGRX Eagle Pharmaceuticals Analyst Ratings

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 with Anomaly and Ridge Regression. Machine Learning based stock forecast (n+1y) for EGRX Eagle Pharmaceuticals as below: EGRX Eagle Pharmaceuticals Stock Forecast (Buy or Sell) as of 23 Jan 2022 for (n+1y) How Does Forecast Model Work? x axis:Likelihood % y axis:Potential Impact % z axis:Color (yellow to green) Technical Analysis % NASDAQ:EGRX Stock Forecast Rationales & Analyst Ratings Time series to forecast n: 23 Jan 2022 for (n+1y) Asset divestitures. We do not include asset sales as a source of liquidity unless they are contracted and proceeds will be received in the time period being measured under the liquidity descriptor (even when the disposed assets are reported under discontinued operations in a company's financial statements). We estimate EGRX Eagle Pharmaceuticals stock

NYSE:TVE Stock Forecast, Price Targets (Buy or Sell) | TVE Tennessee Valley Authority Analyst Ratings

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 with Chaikin Money Flow and Pearson Correlation. Machine Learning based stock forecast (n+15) for TVE Tennessee Valley Authority as below: TVE Tennessee Valley Authority Stock Forecast (Buy or Sell) as of 23 Jan 2022 for (n+15) How Does Forecast Model Work? x axis:Likelihood % y axis:Potential Impact % z axis:Color (yellow to green) Technical Analysis % NYSE:TVE Stock Forecast Rationales & Analyst Ratings Time series to forecast n: 23 Jan 2022 for (n+15) 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 horizon. The rationale is that our liquidity assessment is essentially a stress test against a sudden and severe loss of capital markets access availability. For

Kaihan Co Ltd Credit Rating & Financial Statements Analysis

BOSTON (AC Invest Credit Rating Terminal) Sun Jan 23 2022 03:42:04 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Credit Rating Rationales & Model Given the earnings volatility companies experience, we have specified for these issuers a more stringent decline in EBITDA percentage for each liquidity category to the extent our cash flow forecasts are not already assuming a downside scenario. Rating Model for Kaihan Co Ltd: We estimate the credit risk parameters by Bollinger Bands and Beta Credit Ratings for Kaihan Co Ltd as of 23 Jan 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* Ba3 B2 Semantic Signals 88 37 Financial Signals 76 58 Risk Signals 84 67 Substantial Risks 31 37 Speculative Signals 36 49 *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

NASDAQ:IEA Stock Forecast, Price Targets (Buy or Sell) | IEA Infrastructure and Energy Alternatives Analyst Ratings

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 with Wien Bridge Oscillator and Wilcoxon Sign-Rank Test. Machine Learning based stock forecast (n+6m) for IEA Infrastructure and Energy Alternatives as below: IEA Infrastructure and Energy Alternatives Stock Forecast (Buy or Sell) as of 23 Jan 2022 for (n+6m) How Does Forecast Model Work? x axis:Likelihood % y axis:Potential Impact % z axis:Color (yellow to green) Technical Analysis % NASDAQ:IEA Stock Forecast Rationales & Analyst Ratings Time series to forecast n: 23 Jan 2022 for (n+6m) Given that it can be difficult to identify outstanding CP at any point in time, when considering coverage, we may include our expectations for peak outstanding CP during the year as opposed to CP balances as of the last filing date, especially if we believe reported balances are not reflective of typical

NSE:KSL Stock Forecast, Price Targets (Buy or Sell) | KSL Kalyani Steels Limited Analyst Ratings

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 with Average True Range (ATR) and Beta. Machine Learning based stock forecast (n+3m) for KSL Kalyani Steels Limited as below: KSL Kalyani Steels Limited Stock Forecast (Buy or Sell) as of 23 Jan 2022 for (n+3m) How Does Forecast Model Work? x axis:Likelihood % y axis:Potential Impact % z axis:Color (yellow to green) Technical Analysis % NSE:KSL Stock Forecast Rationales & Analyst Ratings Time series to forecast n: 23 Jan 2022 for (n+3m) 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--

Oclaro, Inc. Credit Rating & Financial Statements Analysis

BOSTON (AC Invest Credit Rating Terminal) Sun Jan 23 2022 01:42:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Credit Rating Rationales & Model 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. Rating Model for Oclaro, Inc.: We estimate the credit risk parameters by Williams %R and Ridge Regression Credit Ratings for Oclaro, Inc. as of 23 Jan 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B1 Ba3 Semantic Signals 56 89 Financial Signals 60 32 Risk Signals 84 90 Substantial Risks 66 39 Speculative Signals 31 69 *Machine Learning utilizes multiple learning algorithms to obtain better predictive p

NASDAQ:TILE Stock Forecast, Price Targets (Buy or Sell) | TILE Interface Analyst Ratings

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 with Psychological Line (PSY) and Independent T-Test. Machine Learning based stock forecast (n+30) for TILE Interface as below: TILE Interface Stock Forecast (Buy or Sell) as of 23 Jan 2022 for (n+30) How Does Forecast Model Work? x axis:Likelihood % y axis:Potential Impact % z axis:Color (yellow to green) Technical Analysis % NASDAQ:TILE Stock Forecast Rationales & Analyst Ratings Time series to forecast n: 23 Jan 2022 for (n+30) 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,

TDC Soft Inc Credit Rating & Financial Statements Analysis

BOSTON (AC Invest Credit Rating Terminal) Sun Jan 23 2022 00:42:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Credit Rating Rationales & Model 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. Rating Model for TDC Soft Inc: We estimate the credit risk parameters by Ratiocator (RAT) and Simple Regression Credit Ratings for TDC Soft Inc as of 23 Jan 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B1 B1 Semantic Signals 83 80 Financial Signals 30 35 Risk Signals 74 51 Substantial Risks 53 55 Speculative Signals 63 79 *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.

FREIF NAP I Holdings III, LLC Credit Rating & Financial Statements Analysis

BOSTON (AC Invest Credit Rating Terminal) Sat Jan 22 2022 23:42:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Credit Rating Rationales & Model 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. Rating Model for FREIF NAP I Holdings III, LLC: We estimate the credit risk parameters by Directional Movement Indicator and Stepwise Regression Credit Ratings for FREIF NAP I Holdings III, LLC as of 22 Jan 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B3 B2 Semantic Signals 35 58 Financial Signal

NSE:RATNAMANI Stock Forecast, Price Targets (Buy or Sell) | RATNAMANI Ratnamani Metals & Tubes Limited Analyst Ratings

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 with Volume and Factor. Machine Learning based stock forecast (n+30) for RATNAMANI Ratnamani Metals & Tubes Limited as below: RATNAMANI Ratnamani Metals & Tubes Limited Stock Forecast (Buy or Sell) as of 22 Jan 2022 for (n+30) How Does Forecast Model Work? x axis:Likelihood % y axis:Potential Impact % z axis:Color (yellow to green) Technical Analysis % NSE:RATNAMANI Stock Forecast Rationales & Analyst Ratings Time series to forecast n: 22 Jan 2022 for (n+30) For example, if a company incurred a large working capital inflow in the fourth quarter, which more than offset working capital outflows during the first three quarters, we would use the peak working capital outflows within our A/B and A-B calculation. However, we avoid double-counting when the working capital outflow is alre

Odyssey Re Holdings Corp. Credit Rating & Financial Statements Analysis

BOSTON (AC Invest Credit Rating Terminal) Sat Jan 22 2022 22:42:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Credit Rating Rationales & Model 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. Rating Model for Odyssey Re Holdings Corp.: We estimate the credit risk parameters by Psychological Line (PSY) and Wilcoxon Rank-Sum Test Credit Ratings for Odyssey Re Holdings Corp. as of 22 Jan 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* Ba3 Ba3 Semantic Signals 68 80 Financial Signals 56 38 Risk Signals 62

NYSE:EGP Stock Forecast, Price Targets (Buy or Sell) | EGP EastGroup Properties Analyst Ratings

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 with Armstrong Oscillator and Factor. Machine Learning based stock forecast (n+7) for EGP EastGroup Properties as below: EGP EastGroup Properties Stock Forecast (Buy or Sell) as of 22 Jan 2022 for (n+7) How Does Forecast Model Work? x axis:Likelihood % y axis:Potential Impact % z axis:Color (yellow to green) Technical Analysis % NYSE:EGP Stock Forecast Rationales & Analyst Ratings Time series to forecast n: 22 Jan 2022 for (n+7) 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--regardle

NYSE:FAF Stock Forecast, Price Targets (Buy or Sell) | FAF First American Corporation (New) Analyst Ratings

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 with Psychological Line (PSY) and ElasticNet Regression. Machine Learning based stock forecast (n+30) for FAF First American Corporation (New) as below: FAF First American Corporation (New) Stock Forecast (Buy or Sell) as of 22 Jan 2022 for (n+30) How Does Forecast Model Work? x axis:Likelihood % y axis:Potential Impact % z axis:Color (yellow to green) Technical Analysis % NYSE:FAF Stock Forecast Rationales & Analyst Ratings Time series to forecast n: 22 Jan 2022 for (n+30) Given that we exclude proposed "best efforts" or potential financings as a source of liquidity, we also exclude from uses of liquidity acquisitions and other discretionary spending that are contingent on the successful issuance of new financing to support the proposed transaction. We estimate FAF First Ameri

FINLAB AG NA O.N. Credit Rating & Financial Statements Analysis

BOSTON (AC Invest Credit Rating Terminal) Sat Jan 22 2022 20:42:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below: Credit Rating Rationales & Model Given that we exclude proposed "best efforts" or potential financings as a source of liquidity, we also exclude from uses of liquidity acquisitions and other discretionary spending that are contingent on the successful issuance of new financing to support the proposed transaction. Rating Model for FINLAB AG NA O.N.: We estimate the credit risk parameters by Momentum and Simple Regression Credit Ratings for FINLAB AG NA O.N. as of 22 Jan 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* Caa2 Ba1 Semantic Signals 72 70 Financial Signals 41 89 Risk Signals 31 62 Substantial Risks 38 88 Speculative Signals 31 42 *Machine Learning utilizes multiple learning algorithms to obtain better predictive powers. In our research, we utilize machine l