Moody's affirms Walter Investment

Moody's Investors Service said it affirmed Walter Investment Management Corp.'s B1 corporate family rating, B1 senior secured first-lien term loan and B3 senior secured second-lien term loan ratings.

The outlooks are stable.

Moody's said the ratings benefit from Walter Investment's growing position in the U.S. mortgage third party servicing market -a high-margin, recurring fee-based business model with stable free cash flow generation as well as the company's "asset-light" servicing model resulting in a much smaller balance sheet from lower servicer advance obligations and servicer rights versus other residential mortgage servicers.

© 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.