Fitch changes Ladder view

Fitch Ratings said it affirmed the long-term issuer default ratings and senior unsecured debt ratings of Ladder Capital Finance Holdings LLLP and Ladder Capital Finance Corp., subsidiaries of Ladder Capital Corp., at BB.

The outlook was revised to positive from stable.

The positive outlook reflects Fitch's expectation that Ladder will demonstrate additional access to the unsecured debt markets over the outlook horizon, thereby enhancing its funding flexibility, in advance of the expected loss of Federal Home Loan Bank membership by Ladder's captive insurance subsidiary, effective February 2021, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.