Fitch ups Freedom Mortgage, loan, notes

Fitch Ratings said it upgraded Freedom Mortgage Corp.’s long-term issuer default rating to BB- from B+, senior secured term loan to BB- from B+/RR4 and senior unsecured debt to B+ from B/RR5.

Fitch said the upgrade reflects Freedom's improved scale and earnings stability and improved funding flexibility, driven in particular by the company's recent issuances of senior unsecured debt and an enhanced corporate governance framework.

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