Research Update: Starwood Property Trust Downgraded To 'BB-' As Margin Call Risk Increases From The Impact Of COVID-19; Outlook Negative - S&P Global Ratings’ Credit Research

Research Update: Starwood Property Trust Downgraded To 'BB-' As Margin Call Risk Increases From The Impact Of COVID-19; Outlook Negative

Research Update: Starwood Property Trust Downgraded To 'BB-' As Margin Call Risk Increases From The Impact Of COVID-19; Outlook Negative - S&P Global Ratings’ Credit Research
Research Update: Starwood Property Trust Downgraded To 'BB-' As Margin Call Risk Increases From The Impact Of COVID-19; Outlook Negative
Published Mar 26, 2020
4 pages (1797 words) — Published Mar 26, 2020
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

The fallout from COVID-19 has increased the risk that Starwood Property Trust will experience losses and receive margin calls, specifically on its securities and loan portfolio investments. The company ended 2019 with approximately $4.3 billion of borrowings under secured repurchase facilities backed by commercial mortgage-backed securities, residential mortgage-backed securities, and commercial real estate loans. We are lowering our issuer credit rating on Starwood Property Trust to 'BB-' from 'BB', our senior secured rating to 'BB-' from 'BB', and our senior unsecured rating to 'B+' from 'BB-'. The negative outlook reflects the potential that the company's investment performance suffers and that this leads to margin calls amid the current difficult operating conditions. On March 26, 2020, S&P Global Ratings lowered its

  
Brief Excerpt:

...Research Update: Starwood Property Trust Downgraded To '##-' As Margin Call Risk Increases From The Impact Of COVID-19; Outlook Negative...

  
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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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Starwood Property Trust Downgraded To 'BB-' As Margin Call Risk Increases From The Impact Of COVID-19; Outlook Negative" Mar 26, 2020. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Starwood-Property-Trust-Downgraded-To-BB-As-Margin-Call-Risk-Increases-From-The-Impact-Of-COVID-19-Outlook-Negative-2402083>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Starwood Property Trust Downgraded To 'BB-' As Margin Call Risk Increases From The Impact Of COVID-19; Outlook Negative Mar 26, 2020. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Starwood-Property-Trust-Downgraded-To-BB-As-Margin-Call-Risk-Increases-From-The-Impact-Of-COVID-19-Outlook-Negative-2402083>
  
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