The Consumer Financial Protection Bureau and multiple state regulators took action against Ocwen Financial Corp. for allegedly failing borrowers throughout the mortgage servicing process. We believe these allegations pose sufficient regulatory risk to potentially threaten Altisource's Ocwen-related revenues despite recent developments regarding a possible agreement between Ocwen and New Residential. We are lowering our issuer credit rating on Altisource to 'B' from 'B+' and placing the rating on CreditWatch with negative implications. We expect to resolve our CreditWatch listing after we gather further information regarding the ongoing litigation related to Ocwen. NEW YORK May 1, 2017--,S&P Global Rating said it Ratings lowered its long-term issuer credit rating on Altisource Portfolio Solutions S.A. to 'B' from 'B+'. In addition, we lowered
