Research Update: Starwood Property Trust 'BB' Rating Affirmed On Acquisition Of Project Finance Debt Business; Outlook Remains Stable - S&P Global Ratings’ Credit Research

Research Update: Starwood Property Trust 'BB' Rating Affirmed On Acquisition Of Project Finance Debt Business; Outlook Remains Stable

Research Update: Starwood Property Trust 'BB' Rating Affirmed On Acquisition Of Project Finance Debt Business; Outlook Remains Stable - S&P Global Ratings’ Credit Research
Research Update: Starwood Property Trust 'BB' Rating Affirmed On Acquisition Of Project Finance Debt Business; Outlook Remains Stable
Published Aug 09, 2018
5 pages (1702 words) — Published Aug 09, 2018
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Starwood announced a definitive agreement to acquire GE Capital's Energy Financial Services' Project Finance Debt Business and loan portfolio for $2.56 billion, including $400 million of unfunded loan commitments. We are affirming our 'BB' issuer credit and senior secured debt ratings and 'BB-' senior unsecured debt ratings on Starwood. The stable outlook reflects our expectation that Starwood Property Trust Inc.'s profitability and performance of its loan and investment portfolios will remain strong over the next 12 months and that leverage will be 2.25x-2.75x debt to adjusted total equity. On Aug. 9, 2018, S&P Global Ratings affirmed its 'BB' issuer credit and senior secured debt ratings and 'BB-' senior unsecured debt ratings on Starwood Property Trust Inc. The outlook remains stable.

  
Brief Excerpt:

...+ Starwood announced a definitive agreement to acquire GE Capital's Energy Financial Services' Project Finance Debt Business and loan portfolio for $2.56 billion, including $400 million of unfunded loan commitments. + We are affirming our '##' issuer credit and senior secured debt ratings and '##-' senior unsecured debt ratings on Starwood. + The stable outlook reflects our expectation that Starwood Property Trust Inc.'s profitability and performance of its loan and investment portfolios will remain strong over the next 12 months and that leverage will be 2.25x-2.75x debt to adjusted total equity....

  
Report Type:

Research Update

Issuer
Starwood Property Trust Inc.
Sector
Global Issuers
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Starwood Property Trust 'BB' Rating Affirmed On Acquisition Of Project Finance Debt Business; Outlook Remains Stable" Aug 09, 2018. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Starwood-Property-Trust-BB-Rating-Affirmed-On-Acquisition-Of-Project-Finance-Debt-Business-Outlook-Remains-Stable-2084064>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Starwood Property Trust 'BB' Rating Affirmed On Acquisition Of Project Finance Debt Business; Outlook Remains Stable Aug 09, 2018. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Starwood-Property-Trust-BB-Rating-Affirmed-On-Acquisition-Of-Project-Finance-Debt-Business-Outlook-Remains-Stable-2084064>
  
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