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S&P lifts Nationstar Mortgage
Standard & Poor's said it raised the counterparty credit rating on Nationstar Mortgage LLC to B+ from B, along with its senior unsecured debt to B+ from B.
The outlook is stable.
The upgrades reflect management's ability to maintain adequate capital while significantly improving the firm's strategic position, S&P said.
The positive rating factors include its low credit risk, good risk management and favorable near-term market conditions, the agency said.
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