Moody’s might lift Cabot Financial

Moody's Investors Service said it placed the B2 long-term corporate family rating of Cabot Financial Ltd. on review for upgrade.

At the same time, the agency placed the backed B2 senior secured bond ratings of Cabot Financial (Luxembourg) II SA, Cabot Financial (Luxembourg) SA and Marlin Intermediate Holdings plc on review for upgrade.

Moody’s said the review will assess: (a) The extent to which Cabot Financial’s leading position in the UK debt purchasing industry affords a competitive edge consistent with a higher rating level; (b) whether Cabot Financial’s enhanced operating diversification will create cost synergies and improve the firm's ability to generate stable earnings streams; and (c) the extent to which the expected initial public offering will have a beneficial effect on leverage, financing costs and corporate governance.

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