Home Capital Group Inc. benefits from a good asset quality track record and a very strong S&P Global Ratings risk-adjusted capital ratio, although the latter continues to be under pressure from large share repurchases. The company's concentrated exposure to the riskier near prime segment of the Canadian mortgage market remains a key weakness. We are affirming our 'BB-' long-term issuer credit rating on Home Capital, and our 'BB+' long-term and 'B' short-term issuer credit ratings on its operating company, Home Trust Co. The stable outlook reflects our expectation that Home Capital will continue to demonstrate sustained growth and improving profitability, while maintaining good asset quality metrics. On Feb. 27, 2020, S&P Global Ratings affirmed its 'BB-' long-term issuer credit rating
