trending Market Intelligence /marketintelligence/en/news-insights/trending/4ZckEuP8PWLZxGoyUA4yvg2 content esgSubNav
In This List

Moody's revises outlook on Cabot Financial to positive

Video

S&P Capital IQ Pro | Powering Your Edge

Podcast

Street Talk Episode 81: Amid strong recovery, Banc of California hearing more M&A chatter

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Blog

Banking Essentials Newsletter: September Edition


Moody's revises outlook on Cabot Financial to positive

Moody's on Dec. 14 changed the outlook on Cabot Financial Ltd., Cabot Financial (Luxembourg) II SA and Cabot Financial (Luxembourg) SA to positive from rating under review.

At the same time, the rating agency confirmed the B2 long-term corporate family rating of Cabot Financial Ltd. as well as the senior secured bond ratings of Cabot Financial (Luxembourg) II SA and Cabot Financial (Luxembourg) SA at B2.

The rating agency cited Cabot Financial Ltd.'s diversified business model as reason for the outlook change on the corporate family rating, offsetting uncertainties stemming from its withdrawal of plans for an IPO.

Cabot Financial is owned by U.S.-based specialty lender Encore Capital Group Inc.