Moody's assigns Ocwen notes B2

Moody's Investors Service said it assigned a B2 rating to Ocwen Financial Corp.'s proposed senior unsecured notes and affirmed the B1 corporate family and senior secured bank credit facility ratings.

The outlook is stable.

Moody's said Ocwen's ratings reflect the company's rapid growth, balanced by its solid capital and leverage metrics for a B1 rated financial services entity. In addition, the ratings reflect the company's solid track record as a non-prime residential mortgage servicer, along with its record of successful integration of servicer acquisitions, the agency said.

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