DBRS upgrades Stonebriar Finance

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

“The ratings action considers the improved fundamentals of the company, including a growing franchise underpinned by a strong and highly seasoned management team and a diversifying and entrenched customer base. The ratings action also reflects Stonebriar’s resilient earnings generation capacity and strong credit and asset performance since inception,” the agency said in a press release.

The trend is stable.

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