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Showing posts from January 28, 2022

World Wrestling Entertainment, Inc. Class A Common Stock Assigned Short-Term B1 & Long-Term B1 Credit Rating

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.World Wrestling Entertainment, Inc. Class A Common Stock Assigned Short-Term B1 & Long-Term B1 Credit Rating. How Does Credit Rating Model Work? Rating Model for World Wrestling Entertainment, Inc. Class A Common Stock: We estimate the credit risk parameters by Sustainability and Beta Credit Ratings for World Wrestling Entertainment, Inc. Class A Common Stock as of 29 Jan 2022 Credit Rating Short-Term Long-Term Senior AI Rat

FARMERS STATE BANK Assigned Short-Term B2 & Long-Term Ba3 Credit Rating

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.FARMERS STATE BANK Assigned Short-Term B2 & Long-Term Ba3 Credit Rating. How Does Credit Rating Model Work? Rating Model for FARMERS STATE BANK: We estimate the credit risk parameters by Hartley Oscillator and Stepwise Regression Credit Ratings for FARMERS STATE BANK as of 29 Jan 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B2 Ba3 Semantic Signals 45 74 Financial Signals 61 36 Risk Signals 52 72 Substa

Federal-Mogul LLC Assigned Short-Term Baa2 & Long-Term Baa2 Credit Rating

Additionally, we exclude revolver borrowing availability that we believe would be inaccessible due to covenant constraints. For revolving credit facilities with extension options, we include the extension period(s) under sources of liquidity only if the option is at the discretion of the borrower. If lenders have the option to terminate commitments at each extension point, we only include the borrowing availability under the facility up to the first extension date.Federal-Mogul LLC Assigned Short-Term Baa2 & Long-Term Baa2 Credit Rating. How Does Credit Rating Model Work? Rating Model for Federal-Mogul LLC: We estimate the credit risk parameters by SMoothed Moving Average (SMMA) and Ridge Regression Credit Ratings for Federal-Mogul LLC as of 29 Jan 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* Baa2 Baa2 Semantic Signals 84 50 Financial Signals 89 64 Risk Signals 66 83 Substantial Risks 79 90 Speculative Signals 64 89 *Machine Learning u

Moss Creek Resources Holdings, Inc. Assigned Short-Term Caa2 & Long-Term Baa2 Credit Rating

When assessing strong or exceptional liquidity, we include all forecasted capital expenditures over the next 24 months, including discretionary growth capital spending.Moss Creek Resources Holdings, Inc. Assigned Short-Term Caa2 & Long-Term Baa2 Credit Rating. How Does Credit Rating Model Work? Rating Model for Moss Creek Resources Holdings, Inc.: We estimate the credit risk parameters by Moving Average Convergence Divergence (MACD) and Paired T-Test Credit Ratings for Moss Creek Resources Holdings, Inc. as of 29 Jan 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* Caa2 Baa2 Semantic Signals 43 83 Financial Signals 37 86 Risk Signals 33 61 Substantial Risks 80 75 Speculative Signals 34 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 Does Credit Rating Mode

Hainan Haiyao Co., Ltd Assigned Short-Term B3 & Long-Term B2 Credit Rating

Larger, investment-grade issuers that have access to both public and private debt markets have greater flexibility than companies that depend solely on private bank loans. In addition, we consider whether a company can borrow on an unsecured basis, has access to the commercial paper markets, and issues debt in multiple geographies. It is more costly to raise debt in the public bond markets and often requires a company to establish a track record among investors. These costs and information asymmetry issues sometimes make it impractical for smaller, speculative-grade issuers to raise small amounts of debt in public markets.Hainan Haiyao Co., Ltd Assigned Short-Term B3 & Long-Term B2 Credit Rating. How Does Credit Rating Model Work? Rating Model for Hainan Haiyao Co., Ltd: We estimate the credit risk parameters by Bollinger Bands %B and Simple Regression Credit Ratings for Hainan Haiyao Co., Ltd as of 29 Jan 2022 Credit Rating Short-Term Long-Term Senior AI Ratin

Xinjiang Sailing Information Tech Co Ltd Assigned Short-Term Ba3 & Long-Term B1 Credit Rating

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).Xinjiang Sailing Information Tech Co Ltd Assigned Short-Term Ba3 & Long-Term B1 Credit Rating. How Does Credit Rating Model Work? Rating Model for Xinjiang Sailing Information Tech Co Ltd: We estimate the credit risk parameters by Volume and ElasticNet Regression Credit Ratings for Xinjiang Sailing Information Tech Co Ltd as of 29 Jan 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* Ba3 B1 Semantic Signals 34 85 Financial Signals 67 42 Risk Signals 90 59 Substantial Risks 81 56 Speculative Signals 56 38 *Machine Learning utilizes multiple learning algorithms to obtain better predictive powers. In our research, we utilize machine lea

Taronis Technologies Inc Assigned Short-Term Ba2 & Long-Term B3 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.Taronis Technologies Inc Assigned Short-Term Ba2 & Long-Term B3 Credit Rating. How Does Credit Rating Model Work? Rating Model for Taronis Technologies Inc: We estimate the credit risk parameters by Bollinger Bands Width and ElasticNet Regression Credit Ratings for Taronis Technologies Inc as of 29 Jan 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* Ba2 B3 Semantic Signals 90 31 Financial Signals 41 50 Risk Signals 72 32 Substantial Risks 67 41 Speculative Signals 68

FRONTIER SAVINGS BANK Assigned Short-Term B2 & Long-Term Ba2 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.FRONTIER SAVINGS BANK Assigned Short-Term B2 & Long-Term Ba2 Credit Rating. How Does Credit Rating Model Work? Rating Model for FRONTIER SAVINGS BANK: We estimate the credit risk parameters by Price Oscillator (PPO) and Logistic Regression Credit Ratings for FRONTIER SAVINGS BANK as of 29 Jan 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B2 Ba2 Semantic Signals 76 37 Financial Signals 39 49 Risk Signals 69 90 Substantial Risks 42 81 Speculative Signals 42 89 *Mac

Hokuryo Co Ltd Assigned Short-Term Ba3 & Long-Term Ba3 Credit Rating

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.Hokuryo Co Ltd Assigned Short-Term Ba3 & Long-Term Ba3 Credit Rating. How Does Credit Rating Model Work? Rating Model for Hokuryo Co Ltd: We estimate the credit risk parameters by Colpitts Oscillator and Lasso Regression Credit Ratings for Hokuryo Co Ltd as of 29 Jan 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* Ba3 Ba3 Semantic Signals 82 78 Financial Signals 30 43 Risk Signals 68 82 Substantial Risks 62 61 Speculative Signals 80 60 *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 Does Credit Rating Model Work? Fin

Nuveen Premium Income Municipal Fund, Inc. Common Stock Assigned Short-Term B3 & Long-Term Caa1 Credit Rating

When determining the cash to be included under sources (A), we use cash that will be available to cover monetary outflows. As a result, we may make haircuts to account for cash trapped overseas (for example, haircut for taxes payable upon repatriation of cash held abroad), apply a discount to lower-quality marketable securities, and exclude restricted cash held for specific purposes.Nuveen Premium Income Municipal Fund, Inc. Common Stock Assigned Short-Term B3 & Long-Term Caa1 Credit Rating. How Does Credit Rating Model Work? Rating Model for Nuveen Premium Income Municipal Fund, Inc. Common Stock: We estimate the credit risk parameters by Keltner Channels and Independent T-Test Credit Ratings for Nuveen Premium Income Municipal Fund, Inc. Common Stock as of 29 Jan 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B3 Caa1 Semantic Signals 44 31 Financial Signals 34 34 Risk Signals 48 36 Substantial Risks 60 33 Speculative Signals 69 53 *Mac

Hubei Feilihua Quartz Glass Co Ltd Assigned Short-Term B2 & Long-Term Ba3 Credit Rating

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.Hubei Feilihua Quartz Glass Co Ltd Assigned Short-Term B2 & Long-Term Ba3 Credit Rating. How Does Credit Rating Model Work? Rating Model for Hubei Feilihua Quartz Glass Co Ltd: We estimate the credit risk parameters by Rate of Change (ROC) and Spearman Correlation Credit Ratings for Hubei Feilihua Quartz Glass Co Ltd as of 29 Jan 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B2 Ba3 Semantic Signals 44 84

Hallmark Financial Services, Inc. Assigned Short-Term B2 & Long-Term B2 Credit Rating

For new issuers, while our ratings are prospective, we will not include proposed financing as a source in our liquidity calculations until the financing has been obtained or is fully underwritten. Similarly, we would not include rights issues as a source of liquidity for a company, unless the rights issue is irrevocably guaranteed (for example, an underwriter agrees to buy any securities not taken up by existing holders).Hallmark Financial Services, Inc. Assigned Short-Term B2 & Long-Term B2 Credit Rating. How Does Credit Rating Model Work? Rating Model for Hallmark Financial Services, Inc.: We estimate the credit risk parameters by RC Phase Shift Oscillator and Ridge Regression Credit Ratings for Hallmark Financial Services, Inc. as of 29 Jan 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B2 B2 Semantic Signals 31 43 Financial Signals 58 83 Risk Signals 40 36 Substantial Risks 77 35 Speculative Signals 72 74 *Machine Learning utilizes m