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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.
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