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Moody’s gives Ba3 to Oxford Finance loans
Moody's Investors Service said it assigned a Ba3 corporate family rating and senior unsecured rating to Oxford Finance LLC with a stable outlook.
The actions follow Oxford's announced $300 million senior unsecured issuance.
Moody’s said the Ba3 ratings reflect the company's consistently strong profitability, as well as solid capital level and asset quality.
Offsetting these attributes is the company's relatively small size in the highly competitive healthcare finance market along with its concentrated loan portfolio and key man risk with respect to its founder and CEO, the agency noted.
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