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Cabot Financial upgraded to B+ rating by Standard & Poors PDF Print E-mail
Tuesday, 15 September 2015

Cabot Credit Management, a leading ethical acquirer and manager of consumer debt, today announced that Cabot Financial's credit rating has been raised from B to B+ by Standard & Poors (S&P)

Chris Ross-Roberts, Chief Financial Officer, Cabot Credit Management, said: "This is excellent news and reaffirms the strengthening of the financial health of our company. In the report, S&P highlighted our established relationships with a variety of debt sellers, solid pricing processes and track record of predicting actual collections"

The ratings agency concluded that the increased earnings capacity and continued growth of total collections is likely to lead to a sustainable improvement in credit metrics for Cabot Financial in 2016.

The agency also affirmed the B+ issue rating on Cabot Financial S. A's senior secured notes.

(Source - Cabot Credit Management Press Release)  

 

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