S&P Global Ratings lowered its issuer credit rating on Clearinghouse CDFI to A- from A+.
The outlook is stable.
The rating downgrade, according to the rating agency, reflects its view of Clearinghouse's "low equity ratios and high leverage."
Due to Clearinghouse's current equity and debt ratios, the rating agency does not expect a positive rating action during the two-year outlook period.
This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings, a separately managed division of S&P Global. Descriptions in this news article were not prepared by S&P Global Ratings. The original S&P Global Ratings documents referred to in this news brief can be found here.