trending Market Intelligence /marketintelligence/en/news-insights/trending/b6sh-398uByDH69vmyVJnw2 content esgSubNav
In This List

Kroll assigns ratings to Cowen, 3 subsidiaries

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Kroll assigns ratings to Cowen, 3 subsidiaries

Kroll Bond Rating Agency assigned BBB- senior unsecured debt and issuer ratings to Cowen Inc.

Additionally, the rating agency assigned issuer ratings of BBB to Cowen's subsidiary broker-dealers, Cowen & Co. LLC, Cowen Prime Services LLC and Cowen Execution Services LLC.

The outlook for all ratings is stable.

Kroll noted, among other things, that Cowen has a well-articulated and rational business strategy focusing on core strengths. Cowen's ratings are a notch below the ratings of its broker-dealer units as the company's debt is structurally subordinated to the obligations of these SEC-regulated operating entities, according to the rating agency.