S&P rates Oxford notes B

Standard & Poor's said it assigned a B+ issuer credit rating on Oxford Finance LLC, along with a B rating on Oxford Finance's and Oxford Finance Co-Issuer Inc.'s proposed issuance of $200 million in senior unsecured notes.

The outlook is stable.

The ratings reflect the company's high-growth strategy, large loans to higher-risk, venture capital-backed borrowers and its reliance on secured funding vehicles, S&P said.

Oxford's track record of low credit losses and strong earnings and its niche market positions are positive rating factors, the agency said.

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