Moody's | NRZ Message Board Posts

New Residential Investment Corp.

  NRZ website

NRZ   /  Message Board  /  Read Message

 

 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board
Msg  3043 of 3136  at  9/20/2019 9:28:01 PM  by

rtlloyd


Hold

Moody's


 











Announcement of Periodic Review:

Moody's announces completion of a periodic review of ratings of New Residential Investment Corp.

20 Sep 2019

New York, September 20, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of New Residential Investment Corp. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. The review did not involve a rating committee. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.

This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future. Credit ratings and outlook/review status cannot be changed in a portfolio review and hence are not impacted by this announcement. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and rating history.

Key rating considerations are summarized below.

New Residential's Ba3 long-term corporate family rating reflects the company's strong capital position, above peer average profitability and moderate cash flow volatility. The rating is constrained by the company's reliance on subservicers, evolving strategic direction, dependence on confidence-sensitive short-term funding and monoline focus of investing in mortgage servicing assets of legacy, pre-crisis originated mortgages.

This document summarizes Moody's view as of the publication date and will not be updated until the next periodic review announcement, which will incorporate material changes in credit circumstances (if any) during the intervening period.

The principal methodology used for this review was Finance Companies published in December 2018. Please see the Rating Methodologies page on www.moodys.com for a copy of this methodology.

This publication does not announce a credit rating action. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and rating history.

Gene Berman
Asst Vice President - Analyst
Financial Institutions Group
Moody's Investors Service, Inc.
250 Greenwich Street
New York, NY 10007
U.S.A.
JOURNALISTS: 1 212 553 0376
Client Service: 1 212 553 1653



     e-mail to a friend      printer-friendly     add to library      
| More
Recs: 3     Views: 197
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board

Replies
Msg # Subject Author Recs Date Posted
3045 Re: Moody's Berner 9 9/22/2019 9:07:33 AM


About Us  •  Contact Us  •  Follow Us on Twitter  •  Members Directory  •  Help Center  •  Advertise
Not a member yet? What are you waiting for? Create Account
Want to contribute? Support InvestorVillage by donating
© 2003-2019 Investorvillage.com. All rights reserved. User Agreement
   
Financial Market Data provided by
.


Loading...