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Showing posts from April 5, 2022

MC MINING LIMITED Assigned Short-Term Baa2 & 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.MC MINING LIMITED Assigned Short-Term Baa2 & Long-Term Ba3 Credit Rating. How Does Credit Rating Model Work? Rating Model for MC MINING LIMITED: We estimate the credit risk parameters by Rate of Change (ROC) and Stepwise Regression Credit Ratings for MC MINING LIMITED as of 06 Apr 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* Baa2 Ba3 Semantic Signals 70 48 Financial Signals 90 65 Risk Signals 59 88 Substantial Risks 53 50 Speculative Signals 90 81 *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 Ne

YUASA TRADING CO., LTD. Assigned Short-Term B1 & Long-Term Baa2 Credit Rating

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.YUASA TRADING CO., LTD. Assigned Short-Term B1 & Long-Term Baa2 Credit Rating. How Does Credit Rating Model Work? Rating Model for YUASA TRADING CO., LTD.: We estimate the credit risk parameters by Delay-Line Oscillators and Factor Credit Ratings for YUASA TRADING CO., LTD. as of 06 Apr 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B1 Baa2 Semantic Signals 46 74 Financial Signals 55 59 Risk Signals 86 90 Substantial Risks 73 84 Speculative Signals 50 66 *Machine Learning utilizes multiple learning algorithms to obtain better predictive powers. In our research, we utilize machine learning to combine the results from the Ne

BNSF Railway Company Assigned Short-Term B2 & Long-Term B1 Credit Rating

Likewise, we do not consider factoring programs under sources of liquidity. Unlike asset-based lending (ABL) facilities, factoring is more of a sales transaction and not a loan. In addition, these transactions tend to be very short term. For this reason, we would not consider them a committed source of future liquidity over a 12-month period.BNSF Railway Company Assigned Short-Term B2 & Long-Term B1 Credit Rating. How Does Credit Rating Model Work? Rating Model for BNSF Railway Company: We estimate the credit risk parameters by Penetration and Sign Test Credit Ratings for BNSF Railway Company as of 06 Apr 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B2 B1 Semantic Signals 51 41 Financial Signals 84 62 Risk Signals 62 68 Substantial Risks 32 76 Speculative Signals 40 41 *Machine Learning utilizes multiple learning algorithms to obtain better predictive powers. In our research, we utilize machine learning to combine the results from the

Acadia Healthcare Company, Inc. Assigned Short-Term B1 & Long-Term Ba3 Credit Rating

We do not treat repayments of leases as debt maturities (even if International Financial Reporting Standard 16 shows them as such in the cash flow statement) because we already have reduced FFO by such lease cash outflow.Acadia Healthcare Company, Inc. Assigned Short-Term B1 & Long-Term Ba3 Credit Rating. How Does Credit Rating Model Work? Rating Model for Acadia Healthcare Company, Inc.: We estimate the credit risk parameters by Ring Oscillators and Paired T-Test Credit Ratings for Acadia Healthcare Company, Inc. as of 06 Apr 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B1 Ba3 Semantic Signals 75 48 Financial Signals 78 65 Risk Signals 37 88 Substantial Risks 46 32 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.Take a look at: How Does Credit Rati

JACCS CO., LTD. Assigned Short-Term B3 & Long-Term B3 Credit Rating

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.JACCS CO., LTD. Assigned Short-Term B3 & Long-Term B3 Credit Rating. How Does Credit Rating Model Work? Rating Model for JACCS CO., LTD.: We estimate the credit risk parameters by Sustainability and ANOVA Credit Ratings for JACCS CO., LTD. as of 06 Apr 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B3 B3 Semantic Signals 71 32 Financial Signals 63 42 Risk Signals 41 51 Substantial Risks 46 60 Speculative Signals 38 40 *Machine Learning utilizes multiple learning algorithms to obtain better predictive

Jinshang Bank Co Ltd Assigned Short-Term B1 & Long-Term Ba2 Credit Rating

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.Jinshang Bank Co Ltd Assigned Short-Term B1 & Long-Term Ba2 Credit Rating. How Does Credit Rating Model Work? Rating Model for Jinshang Bank Co Ltd: We estimate the credit risk parameters by Delay-Line Oscillators and Sign Test Credit Ratings for Jinshang Bank Co Ltd as of 06 Apr 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B1 Ba2 Semantic Signals 83 73 Financial Signals 74 88 Risk Signals 40 52 Substantial Risks 65 53 Speculative Signals 41 75 *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 Net

FALLS CITY NATIONAL BANK Assigned Short-Term B3 & Long-Term Ba3 Credit Rating

We do not treat repayments of leases as debt maturities (even if International Financial Reporting Standard 16 shows them as such in the cash flow statement) because we already have reduced FFO by such lease cash outflow.FALLS CITY NATIONAL BANK Assigned Short-Term B3 & Long-Term Ba3 Credit Rating. How Does Credit Rating Model Work? Rating Model for FALLS CITY NATIONAL BANK: We estimate the credit risk parameters by Accumulation Distribution Line and Spearman Correlation Credit Ratings for FALLS CITY NATIONAL BANK as of 06 Apr 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* B3 Ba3 Semantic Signals 39 68 Financial Signals 43 47 Risk Signals 74 72 Substantial Risks 57 51 Speculative Signals 36 88 *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 Rati

Federal Home Loan Bank of New York Assigned Short-Term Ba2 & Long-Term Ba2 Credit Rating

In our assessment of a company's liquidity, we also consider the impact of unique industry characteristics.Federal Home Loan Bank of New York Assigned Short-Term Ba2 & Long-Term Ba2 Credit Rating. How Does Credit Rating Model Work? Rating Model for Federal Home Loan Bank of New York: We estimate the credit risk parameters by Pearson-Anson Oscillators and Spearman Correlation Credit Ratings for Federal Home Loan Bank of New York as of 06 Apr 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* Ba2 Ba2 Semantic Signals 84 71 Financial Signals 47 86 Risk Signals 57 53 Substantial Risks 86 55 Speculative Signals 74 71 *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 Federal Home Loan Bank of New York Financi

WidePoint Corporation Assigned Short-Term Ba3 & Long-Term B1 Credit Rating

When calculating sources of liquidity, we only include the undrawn, available portion of committed bank lines maturing beyond the specified time horizon for each liquidity descriptor. For example, when assessing liquidity as adequate, we only include a committed revolving credit facility as a source if it matured beyond the next 12 months. Similarly, given that our liquidity assessment looks out over two years when assessing liquidity as strong or exceptional, we only include a facility maturing beyond 24 months as a source of liquidity.WidePoint Corporation Assigned Short-Term Ba3 & Long-Term B1 Credit Rating. How Does Credit Rating Model Work? Rating Model for WidePoint Corporation: We estimate the credit risk parameters by Electron Coupled Oscillators and ANOVA Credit Ratings for WidePoint Corporation as of 06 Apr 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* Ba3 B1 Semantic Signals 82 73 Financial Signals 47 57 Risk Signals 44 44 Subst

Basic Energy Services, Inc. Common Stock Assigned Short-Term Ba3 & Long-Term Ba2 Credit Rating

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 borrowing patterns.Basic Energy Services, Inc. Common Stock Assigned Short-Term Ba3 & Long-Term Ba2 Credit Rating. How Does Credit Rating Model Work? Rating Model for Basic Energy Services, Inc. Common Stock: We estimate the credit risk parameters by Voltage Controlled Oscillator and Pearson Correlation Credit Ratings for Basic Energy Services, Inc. Common Stock as of 05 Apr 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* Ba3 Ba2 Semantic Signals 55 64 Financial Signals 58 84 Risk Signals 48 76 Substantial Risks 86 58 Speculative Signals 73 59 *Machine Learning utilizes multiple learning algorithms to obtain better predictive powers. In o

SURETY BANK Assigned Short-Term Ba3 & Long-Term B2 Credit Rating

If we believe a company would use cash trapped at a foreign subsidiary to meet debt maturities or other liquidity uses at that foreign subsidiary, we would include this cash as a source of liquidity up to the amount of the corresponding use. We generally haircut the cash to be included under sources when a material proportion of a group's cash is held in a different part of the structure than where the debt is located, and we believe the cash may not be fully fungible within the group.SURETY BANK Assigned Short-Term Ba3 & Long-Term B2 Credit Rating. How Does Credit Rating Model Work? Rating Model for SURETY BANK: We estimate the credit risk parameters by Chaikin Oscillator and Independent T-Test Credit Ratings for SURETY BANK as of 05 Apr 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* Ba3 B2 Semantic Signals 49 60 Financial Signals 52 41 Risk Signals 90 90 Substantial Risks 63 35 Speculative Signals 75 48 *Machine Learning utilizes m

BANK OF TESCOTT Assigned Short-Term Ba3 & Long-Term Baa2 Credit Rating

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.BANK OF TESCOTT Assigned Short-Term Ba3 & Long-Term Baa2 Credit Rating. How Does Credit Rating Model Work? Rating Model for BANK OF TESCOTT: We estimate the credit risk parameters by Average True Range (ATR) and Stepwise Regression Credit Ratings for BANK OF TESCOTT as of 05 Apr 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* Ba3 Baa2 Semantic Signals 76 76 Financial Signals 76 84 Ris

Samurai & J Partners Co Ltd Assigned Short-Term Ba3 & Long-Term B1 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.Samurai & J Partners Co Ltd Assigned Short-Term Ba3 & Long-Term B1 Credit Rating. How Does Credit Rating Model Work? Rating Model for Samurai & J Partners Co Ltd: We estimate the credit risk parameters by Commodity Channel Index and Sign Test Credit Ratings for Samurai & J Partners Co Ltd as of 05 Apr 2022 Credit Rating Short-Term Long-Term Senior AI Rating Class* Ba3 B1 Semantic Signals 50 75 Financial Signals 44 38 Risk Signals 82 66 Substantial Risks 77 62 Speculative Signals 84 45 *Machine Learning utilizes multiple learning algorithms to obtain better predictive powers. In our