S&P: Home Capital view to positive

S&P said it affirmed the B- long-term issuer credit ratings and B short-term issuer credit ratings on Home Capital Group Inc. and Home Trust Ltd., and the B- issue-level ratings on Home Trust's senior unsecured debt and certificates of deposit.

The ratings were removed from CreditWatch developing, where they were placed on May 2.

The outlook on the long-term ratings is positive.

Since the last rating action on May 2, S&P said it has witnessed several incrementally positive developments regarding the creditworthiness of Home Capital.

The agency said it views the combined impact of these as significant, and expects it to have a positive influence on depositor sentiment toward Home Capital.

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