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News Stories (12 Results) - Corporate Ratings

CIT Group Inc. reported its second quarter 2020 financial results. The company posted a second-quarter loss to common shareholders of $98 million. That compares with net income of $128 million in the second quarter a year ago.Excluding noteworthy... Read Story
July 21, 2020, 07:18 AM

Stonebriar Commercial Finance (Stonebriar) announce a number of rating upgrades published by both Kroll Bond Rating Agency (KBRA) and Moody’s Investors Service (Moody’s) on its various asset-backed securities (ABS). Stonebriar is an experienced ABS... Read Story
February 24, 2020, 07:11 AM

Fitch Ratings has upgraded CIT Group Inc.'s (CIT) and CIT Bank, N.A.'s (CIT Bank) Long-Term Issuer Default Ratings (IDRs) and to 'BBB-' from 'BB+'. The Viability Ratings (VRs) for both entities were also upgraded to 'bbb-' from 'bb+'. The Rating... Read Story
November 13, 2019, 07:05 AM

Marlin reported first-quarter 2019 net income of $5.1 million compared with net income of $6.2 million a year ago. First-quarter net income on an adjusted basis was $5 million compared with $6.2 million a year ago.“We enjoyed a solid start to 2019 as... Read Story
May 03, 2019, 07:30 AM

Kroll Bond Rating Agency (KBRA) published its results from a comprehensive surveillance review of asset-backed securities (ABS) issued by subsidiaries of Stonebriar Commercial Finance. In completing its review, KBRA announced multiple rating actions... Read Story
February 21, 2019, 07:00 AM

Fitch Ratings expects to assign the following ratings and Outlooks to the Ascentium Equipment Receivables 2016-2 Trust (ACER 2016-2) notes: $62,000,000 class A-1 notes 'F1+sf'; $101,000,000 class A-2 notes 'AAAsf'; Outlook Stable;  $60,007,000... Read Story
October 14, 2016, 07:02 AM

Fitch Ratings has affirmed NewStar Financial, Inc.'s (NewStar) long- and short-term Issuer Default Ratings (IDRs) at 'BB-' and 'B', respectively, as well as the senior unsecured debt at 'BB-' and subordinated debt ratings at 'B'.The rating... Read Story
April 18, 2016, 07:00 AM

Fitch Ratings believes asset quality for business development companies (BDCs) could deteriorate further in 2016 following challenging energy performance in 2015, according to Fitch's latest North American Financial Institutions Chart of the Month.... Read Story
March 21, 2016, 07:18 AM

Ascentium Capital announced that Moody's Investors Service upgraded the subordinate bonds of Ascentium Equipment Receivables 2014-1 LLC.Moody’s highlighted Ascentium Capital’s performance and attributed the action to strong transaction performance... Read Story
February 19, 2015, 06:45 AM

Fitch Ratings has assigned 'BB+/B' long- and short-term IDRs to CIT Group, Inc. (CIT) and CIT Bank. The Rating Outlook is Stable. KEY RATING DRIVERS - IDRs, VRs, Senior Debt and Revolving Credit Facility The IDRs and Viability Ratings (VRs) reflect... Read Story
December 05, 2014, 06:58 AM

Fitch Ratings has downgraded the Issuer Default Ratings (IDR) for Navistar International Corporation (NAV) and Navistar Financial Corporation (NFC) to 'CCC' from 'B-'. The rating Outlook is Negative. A full list of rating actions is shown at the end... Read Story
September 18, 2012, 08:11 AM

Moody's Investors Service downgraded the senior unsecured debt rating of General Electric Company (GE) to Aa3 from Aa2 and the senior unsecured rating of its wholly-owned finance subsidiary, General Electric Capital Corporation (GECC), to A1 from Aa2... Read Story
April 04, 2012, 07:45 AM