DBRS alters Stonebriar trend to positive

DBRS said it changed the trend to positive from stable and confirmed the ratings of Stonebriar Finance Holdings LLC and related entities, including Stonebriar’s long-term issuer rating of BBB (low), SCF Funding LLC’s guaranteed long-term senior debt rating of BBB (low), and SCF Preferred Equity, LLC’s long-term issuer rating of BBB (low) and perpetual preferred shares rating of BB.

“The ratings confirmation and positive trend consider Stonebriar’s solid and expanding commercial equipment finance business, underpinned by a strong senior management team with deep industry knowledge, along with an entrenched and diverse client base,” DBRS said in a press release.

The agency said Stonebriar can maintain its earnings momentum and solid credit fundamentals despite the challenging economy and rising interest rates.

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