Ladder Capital Finance Holdings Outlook Revised To Positive From Stable; 'BB-' Rating Affirmed - S&P Global Ratings’ Credit Research

Ladder Capital Finance Holdings Outlook Revised To Positive From Stable; 'BB-' Rating Affirmed

Ladder Capital Finance Holdings Outlook Revised To Positive From Stable; 'BB-' Rating Affirmed - S&P Global Ratings’ Credit Research
Ladder Capital Finance Holdings Outlook Revised To Positive From Stable; 'BB-' Rating Affirmed
Published May 30, 2017
4 pages (1419 words) — Published May 30, 2017
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Ladder Capital Finance Holdings LLLP has demonstrated a good operating track record and increased unsecured funding. We are revising our outlook on Ladder Capital to positive from stable. We are affirming our 'BB-' issuer credit and 'B+' unsecured debt ratings. The positive outlook reflects the company's improving funding profile, limited leverage consistent with its target debt-to-equity ratio of 2x-3x, adequate liquidity, and good stable asset performance across its investment portfolio. NEW YORK (S&P Global Ratings) May 30, 2017--, S&P Global Ratings said today it revised its outlook on Ladder Capital Finance Holdings LLLP to positive from stable. We also affirmed our 'BB-' issuer credit and 'B+' unsecured debt ratings. "Our positive outlook is based on the company's good operating track

  
Brief Excerpt:

...+ Ladder Capital Finance Holdings LLLP has demonstrated a good operating track record and increased unsecured funding. + We are revising our outlook on Ladder Capital to positive from stable. + We are affirming our '##-' issuer credit and 'B+' unsecured debt ratings. + The positive outlook reflects the company's improving funding profile, limited leverage consistent with its target debt-to-equity ratio of 2x-3x, adequate liquidity, and good stable asset performance across its investment portfolio. NEW YORK (S&P Global Ratings) May 30, 2017--, S&P Global Ratings said today it revised its outlook on Ladder Capital Finance Holdings LLLP to positive from stable. We also affirmed our '##-' issuer credit and 'B+' unsecured debt ratings. "Our positive outlook is based on the company's good operating track record and increased unsecured funding, including an issuance of $500 million in unsecured notes to repay $297 million of outstanding unsecured notes that were previously due in 2017, said S&P...

  
Report Type:

Ratings Action

Issuer
GICS
Thrifts & Mortgage Finance (40102010)
Sector
Global Issuers
Country
Region
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Ladder Capital Finance Holdings Outlook Revised To Positive From Stable; 'BB-' Rating Affirmed" May 30, 2017. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ladder-Capital-Finance-Holdings-Outlook-Revised-To-Positive-From-Stable-BB-Rating-Affirmed-1858099>
  
APA:
S&P Global Ratings’ Credit Research. (). Ladder Capital Finance Holdings Outlook Revised To Positive From Stable; 'BB-' Rating Affirmed May 30, 2017. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ladder-Capital-Finance-Holdings-Outlook-Revised-To-Positive-From-Stable-BB-Rating-Affirmed-1858099>
  
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