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Showing posts from February 26, 2022

KADOYA SESAME MILLS INCORPORATED Assigned Short-Term B2 & Long-Term Baa2 Credit Rating

In addition, a speculative-grade company's access to the credit markets during times of stress, such as the financial crisis, is often a function of the capital market's appetite for risk. Accordingly, it would be rare that we would characterize a speculative-grade company as having a generally high standing in the credit markets, and even low-investment-grade companies may not have access to a diversity of funding sources required for this assessment.KADOYA SESAME MILLS INCORPORATED Assigned Short-Term B2 & Long-Term Baa2 Credit Rating. How Does Credit Rating Model Work? Rating Model for KADOYA SESAME MILLS INCORPORATED: We estimate the credit risk parameters by Rate of Change (ROC) and Factor Credit Ratings for KADOYA SESAME MILLS INCORPORATED as of 27 Feb 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B2 Baa2 Semantic Signals 54 88 Financial Signals 47 82 Risk Signals 54 72 Substantial Risks 38 73 Speculative Signals 67 70 *Ma

SMITH (DS) PLC Assigned Short-Term Ba3 & Long-Term B2 Credit Rating

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 already captured through our assumption of peak CP amount.SMITH (DS) PLC Assigned Short-Term Ba3 & Long-Term B2 Credit Rating. How Does Credit Rating Model Work? Rating Model for SMITH (DS) PLC: We estimate the credit risk parameters by Profit and Pearson Correlation Credit Ratings for SMITH (DS) PLC as of 27 Feb 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* Ba3 B2 Semantic Signals 67 71 Financial Signals 75 61 Risk Signals 74 42 Substantial Risks 76 33 Speculative Signals 34 52 *Machine Learning utilizes multiple learning algorithms to obtain better predictive powers. In our research, we utilize machine learning to com

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

For exceptional and strong liquidity assessments, we characterize standing in the credit markets as generally high, and for adequate liquidity, we view standing in the credit markets as satisfactory. We distinguish between these descriptors based on analytical judgment and mainly consider the diversity of funding sources available to an entity.Yamau Co Ltd Assigned Short-Term Ba3 & Long-Term B1 Credit Rating. How Does Credit Rating Model Work? Rating Model for Yamau Co Ltd: We estimate the credit risk parameters by Expectation and Linear Regression Credit Ratings for Yamau Co Ltd as of 27 Feb 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* Ba3 B1 Semantic Signals 75 79 Financial Signals 53 30 Risk Signals 66 60 Substantial Risks 51 87 Speculative Signals 73 48 *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 Netwo

Yashima Denki Co Ltd Assigned Short-Term B1 & Long-Term B3 Credit Rating

When assessing strong or exceptional liquidity, we include all forecasted capital expenditures over the next 24 months, including discretionary growth capital spending.Yashima Denki Co Ltd Assigned Short-Term B1 & Long-Term B3 Credit Rating. How Does Credit Rating Model Work? Rating Model for Yashima Denki Co Ltd: We estimate the credit risk parameters by Volume + Moving Average and ElasticNet Regression Credit Ratings for Yashima Denki Co Ltd as of 27 Feb 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B1 B3 Semantic Signals 47 62 Financial Signals 86 63 Risk Signals 30 39 Substantial Risks 74 37 Speculative Signals 57 37 *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? Financial Analysis for Yashima Denki Co Ltd Financials:

FORTIS PRIVATE BANK 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.FORTIS PRIVATE BANK Assigned Short-Term B1 & Long-Term B1 Credit Rating. How Does Credit Rating Model Work? Rating Model for FORTIS PRIVATE BANK: We estimate the credit risk parameters by OCL and Independent T-Test Credit Ratings for FORTIS PRIVATE BANK as of 27 Feb 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B1 B1 Semantic Signals 81 66 Financial Signals 32 53 Risk Signals 61 46 Substantial Risks 73

JUBILEE METALS GROUP PLC Assigned Short-Term B2 & Long-Term Ba3 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.JUBILEE METALS GROUP PLC Assigned Short-Term B2 & Long-Term Ba3 Credit Rating. How Does Credit Rating Model Work? Rating Model for JUBILEE METALS GROUP PLC: We estimate the credit risk parameters by Tri-tet Oscillators and Logistic Regression Credit Ratings for JUBILEE METALS GROUP PLC as of 27 Feb 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B2 Ba3 Semantic Signals 30 35 Financial Signals 43 61 Risk Signals 43 82 Substantial Risks 74 61 Speculative Signals 82 70 *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 D

Seventy Seven Energy Inc. Common Stock Assigned Short-Term B2 & Long-Term B2 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.Seventy Seven Energy Inc. Common Stock Assigned Short-Term B2 & Long-Term B2 Credit Rating. How Does Credit Rating Model Work? Rating Model for Seventy Seven Energy Inc. Common Stock: We estimate the credit risk parameters by On Balance Volume (OBV) and Wilcoxon Rank-Sum Test Credit Ratings for Seventy Seven Energy Inc. Common Stock as of 27 Feb 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B2 B2 Semantic Signals 85 46 Financial Signals 70 65 Risk Signals 49 64 Substantial

BANKWEST OF KANSAS Assigned Short-Term B2 & Long-Term B2 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.BANKWEST OF KANSAS Assigned Short-Term B2 & Long-Term B2 Credit Rating. How Does Credit Rating Model Work? Rating Model for BANKWEST OF KANSAS: We estimate the credit risk parameters by Ratiocator (RAT) and Sign Test Credit Ratings for BANKWEST OF KANSAS as of 27 Feb 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B2 B2 Semantic Signals 30 33 Financial Signals 73 47 Risk Signals 31 35 Substantial Risks 57 81 Speculative Signals 72 69 *Machine Learning utilizes multip

Nautilus Power, LLC Assigned Short-Term B2 & Long-Term B2 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.Nautilus Power, LLC Assigned Short-Term B2 & Long-Term B2 Credit Rating. How Does Credit Rating Model Work? Rating Model for Nautilus Power, LLC: We estimate the credit risk parameters by Moving Average Convergence Divergence (MACD) and Stepwise Regression Credit Ratings for Nautilus Power, LLC as of 27 Feb 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B2 B2 Semantic Signals 47 66 Financial Signals 81 67 Risk Signals 62 59 Substantial Risks 32 42 Speculative Signals 60 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 Neural Network and Support Vector Machines.Take a look at:

FIRST SENTINEL BANK Assigned Short-Term B3 & Long-Term Baa2 Credit Rating

The various qualitative factors in the criteria help to identify strengths and weaknesses within a company's future liquidity position that numerical ratios might not fully capture. While there is no size bias in our liquidity assessment, generally, lower-rated entities might meet the quantitative requirements for strong or exceptional liquidity but fail to meet corresponding qualitative factors.FIRST SENTINEL BANK Assigned Short-Term B3 & Long-Term Baa2 Credit Rating. How Does Credit Rating Model Work? Rating Model for FIRST SENTINEL BANK: We estimate the credit risk parameters by Tri-tet Oscillators and Linear Regression Credit Ratings for FIRST SENTINEL BANK as of 27 Feb 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B3 Baa2 Semantic Signals 40 53 Financial Signals 43 90 Risk Signals 88 51 Substantial Risks 49 78 Speculative Signals 30 89 *Machine Learning utilizes multiple learning algorithms to obtain better predictive powers. I

First Defiance Financial Corp Assigned Short-Term B2 & Long-Term B1 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.First Defiance Financial Corp Assigned Short-Term B2 & Long-Term B1 Credit Rating. How Does Credit Rating Model Work? Rating Model for First Defiance Financial Corp: We estimate the credit risk parameters by Directional Movement Indicator and Paired T-Test Credit Ratings for First Defiance Financial Corp as of 26 Feb 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B2 B1 Semantic Signals 90 32 Financial Signals 45 59 Risk Signals 45 88 Substantial Risks 37 60 Speculative Signals 47

BANCTENN CORPORATION Assigned Short-Term B1 & Long-Term B2 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.BANCTENN CORPORATION Assigned Short-Term B1 & Long-Term B2 Credit Rating. How Does Credit Rating Model Work? Rating Model for BANCTENN CORPORATION: We estimate the credit risk parameters by Profit and Polynomial Regression Credit Ratings for BANCTENN CORPORATION as of 26 Feb 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B1 B2 Semantic Signals 52 81 Financial Signals 47 76 Risk Signals 81 49 Substantial Risks 49 31 Speculative Signals 64 39 *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

BAIOO Family Interactive Ltd Assigned Short-Term B2 & Long-Term B1 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.BAIOO Family Interactive Ltd Assigned Short-Term B2 & Long-Term B1 Credit Rating. How Does Credit Rating Model Work? Rating Model for BAIOO Family Interactive Ltd: We estimate the credit risk parameters by Cross-Coupled Oscillators and Pearson Correlation Credit Ratings for BAIOO Family Interactive Ltd as of 26 Feb 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B2 B1 Semantic Signals 58 77 Financial Signals 89 31 Risk Signals 41 56 Substantial Risks 39 76 Speculative Signals 51 40 *Machine Learning utilizes multiple learning algorithms to obtain better predictive powers. In our research, we util