Moody's stabilizes Apollo Commercial view

Moody's Investors Service said it changed the outlook to stable from negative and affirmed Apollo Commercial Real Estate Finance, Inc.’s Ba3 corporate family and Ba2 senior secured ratings.

“Today's rating action reflects Moody's assessment of ARI's resilient performance during the coronavirus pandemic-induced downturn in the commercial real estate (CRE) sector, and its expectations that over the next 12-18 months, ARI's asset quality will improve, and its capitalization will remain strong,” Moody’s said in a press release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.