trending Market Intelligence /marketintelligence/en/news-insights/trending/icu9TCYvOn2nTWDUcuvg-A2 content esgSubNav
In This List

DBRS confirms ECN Capital's issuer rating

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Podcast

Street Talk | Episode 97: Recessionary fears still keeping bank investors on the sidelines

Blog

Making sanctions effective: Key themes for banks


DBRS confirms ECN Capital's issuer rating

DBRS has confirmed the BBB (low) issuer rating of ECN Capital Corp.

The trend is stable.

The ratings confirmation follows the company's announcement that it has agreed to acquire Boca Raton, Fla.-based Service Finance Holdings LLC. The transaction is expected to close in the third quarter.

DBRS believes that the acquisition will provide ECN Capital access to a growing market that has no clear market leader. The acquisition will also help diversify ECN Capital's revenue and support earnings growth, the rating agency wrote.

The confirmation also considered the modest impact to leverage expected from the acquisition, DBRS said.