trending Market Intelligence /marketintelligence/en/news-insights/trending/MUbG9VNX1yMzCRESg6KiCg2 content esgSubNav
In This List

Moody's downgrades Walter Investment Management

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


Moody's downgrades Walter Investment Management

Moody's downgraded Walter Investment Management Corp.'s long-term corporate family rating to Caa2 from Caa1.

The outlook remains negative.

The agency downgraded the company as it faces a growing risk of debt restructuring due to continued losses. The agency believes that the likelihood that the company will be able to refinance its corporate debt is limited, unless it is restructured. The earliest maturity of the company's corporate debt is November 2019.

The outlook reflects "limited paths to profitability," which increase the risk of a debt restructuring.