Streetbeat News

Credit Ratings

NNN

NNN REIT is highlighted as a strong investment opportunity due to its well-covered, growing dividend and solid financial performance in Q3. The REIT has a stable BBB+ credit rating from S&P.

Portfolio Pulse from

February 03, 2025 | 2:15 pm

RWT

Redwood Trust has issued new 9.125% Senior Notes due 2030, offering high yields but with significant risks due to the company's heavy leverage and large interest expenses. The notes are callable from 2027 and currently trade at $24.70.

Portfolio Pulse from

February 02, 2025 | 3:15 pm

C

KBRA has assigned preliminary ratings to 62 classes of mortgage pass-through certificates from Citigroup Mortgage Loan Trust 2025-INV1, a residential mortgage-backed securities transaction. The pool consists of 899 fixed-rate mortgages, primarily for non-owner occupied investor properties and second homes.

Portfolio Pulse from

January 31, 2025 | 7:45 pm

NYCB

Flagstar stock has surged over 26% in 2025 due to improvements in its credit quality, leading to an upgrade. This marks a significant recovery from its previous 'material weakness' warning.

Portfolio Pulse from

January 31, 2025 | 6:15 pm

MYNA

Mynaric AG has extended the maturity of its three existing bridge loans to February 7, 2025, and plans to secure an additional bridge loan, a restructuring loan, and apply for financial reorganization under Germany's StaRUG.

Portfolio Pulse from

January 31, 2025 | 5:15 pm

RLI

AM Best has revised the outlooks for RLI Corp. and its subsidiaries to positive from stable, affirming their strong financial ratings. This indicates a favorable view of RLI's financial health and future prospects.

Portfolio Pulse from

January 30, 2025 | 7:15 pm

MGEE

MGE Energy has been downgraded in rating despite its strong dividend history and stable credit rating. The company recently increased its capital investment outlook and has an AA- credit rating from S&P.

Portfolio Pulse from

January 30, 2025 | 1:00 pm

TRIN

Morningstar DBRS has confirmed Trinity Capital Inc.'s investment grade credit rating of 'BBB (low)' with a stable outlook. This reaffirms Trinity's financial stability and creditworthiness.

Portfolio Pulse from

January 29, 2025 | 9:30 pm

WTI

W&T Offshore announced the initial results of its cash tender offer and consent solicitation for its 11.750% senior second lien notes due 2026. The company aims to eliminate restrictive covenants and events of default in the indenture governing these notes.

Portfolio Pulse from

January 29, 2025 | 11:45 am

PSEC

Prospect Capital's common shares are stagnant after a dividend cut, and preferred shares have fallen. S&P downgraded PSEC's credit rating to junk due to portfolio issues and liquidity pressures, affecting its equity funding capabilities. However, insider buying in PSEC is strong.

Portfolio Pulse from

January 28, 2025 | 3:15 pm