Announcement of Periodic Evaluate: Moody’s declares completion of a periodic evaluation of scores of StoneCastle Monetary Corp.
World Credit score Analysis – 22 Jan 2021
New York, January 22, 2021 — Moody’s Buyers Service (“Moody’s”) has accomplished a periodic evaluation of the scores of StoneCastle Monetary Corp. and different scores which might be related to the identical analytical unit. The evaluation was carried out by a portfolio evaluation dialogue held on 13 January 2021 during which Moody’s reassessed the appropriateness of the scores within the context of the related principal methodology (ies), current developments, and a comparability of the monetary and working profile to equally rated friends. The evaluation didn’t contain a score committee. Since 1 January 2019, Moody’s follow has been to difficulty a press launch following every periodic evaluation to announce its completion.
This publication doesn’t announce a credit standing motion and isn’t a sign of whether or not or not a credit standing motion is probably going within the close to future. Credit score scores and outlook/evaluation standing can’t be modified in a portfolio evaluation and therefore aren’t impacted by this announcement. For any credit score scores referenced on this publication, please see the scores tab on the issuer/entity web page on www.moodys.com for essentially the most up to date credit standing motion data and score historical past.
Key score concerns are summarized under.
StoneCastle Monetary Corp’s (NASDAQ: BANX) A3 score displays the fund’s strong risk-adjusted asset protection ratio and glorious capability to service leverage prices from recurring funding revenue. These strengths are partly offset by the fund’s weak scores for sector and issuer focus.
This doc summarizes Moody’s view as of the publication date and won’t be up to date till the following periodic evaluation announcement, which can incorporate materials modifications in credit score circumstances (if any) through the intervening interval.
The principal methodology used for this evaluation was Closed-Finish Funds Methodology printed in December 2020. Please see the Ranking Methodologies web page on www.moodys.com for a replica of this technique.
This announcement applies solely to EU rated, UK rated, EU endorsed and UK endorsed scores. Non EU rated, non UK rated, non EU endorsed and non UK endorsed scores could also be referenced above to the extent needed, if they’re a part of the identical analytical unit.
This publication doesn’t announce a credit standing motion. For any credit score scores referenced on this publication, please see the scores tab on the issuer/entity web page on www.moodys.com for essentially the most up to date credit standing motion data and score historical past.
Dean Ungar, CFA VP - Senior Credit score Officer Monetary Establishments Group Moody's Buyers Service, Inc. 250 Greenwich Road New York, NY 10007 U.S.A. JOURNALISTS: 1 212 553 0376 Shopper Service: 1 212 553 1653 Marc R. Pinto, CFA MD - Monetary Establishments Monetary Establishments Group JOURNALISTS: 1 212 553 0376 Shopper Service: 1 212 553 1653 Releasing Workplace: Moody's Buyers Service, Inc. 250 Greenwich Road New York, NY 10007 U.S.A. JOURNALISTS: 1 212 553 0376 Shopper Service: 1 212 553 1653
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