trending Market Intelligence /marketintelligence/en/news-insights/trending/Eb11jzfYwuCOMGTiOZwRWw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Moody's upgrades Ladder Capital ratings

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments

Moody's upgrades Ladder Capital ratings

Moody's upgraded Ladder Capital Corp.'s long-term corporate family rating to Ba1 from Ba2 and Ladder Capital Finance Holdings LLLP's long-term senior unsecured rating to Ba2 from Ba3.

Moody's revised the outlook to stable from positive.

Moody's upgrade reflects its view that the companies' funding profile will improve when they complete their issuance of $500 million of senior unsecured debt. The company will use proceeds from the offering to repay secured debt, which Moody's said will reduce the ratio of secured debt to gross tangible assets to about 46% as of Dec. 31, 2019, from 56% as of Sept. 30, 2019. The rating agency said the reduced reliance on secured debt will increase the companies' unencumbered asset pool and expand access to unsecured debt investors. The ratings upgrade also reflects Moody's expectation that the companies' secured debt ratio will remain close to 45%.

The companies' ratings and stable outlook are supported by their strong and consistent financial performance, including moderate leverage, high-quality assets, a history of profitability since inception and increasing funding diversification, according to Moody's. The ratings also consider the companies' business concentration in the commercial real estate sector and the relatively high proportion of secured funding in their debt capital structure, despite the recent decline.