Moody’s changes NXT view to positive

Moody's Investors Service said it affirmed the B2 corporate family and senior secured ratings of NXT Capital, Inc. and revised its outlook to positive from stable.

Moody's revised the outlook to positive to reflect NXT’s profitable operations, disciplined growth, well managed asset quality, and strong capital position. During the past two years, NXT has pursued reasonable and balanced growth in its corporate finance, commercial real estate finance and equipment finance segments, extending its record of profitable operations, though like other commercial lenders, its net interest margin has narrowed in response to competitive conditions.

NXT's rating constraints include its reliance on secured funding, modest alternate liquidity, and competitive disadvantages versus more established finance companies and regional banks, the agency said.

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