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News Stories (16 Results) - Credit

The Credit Managers’ Index from the National Association of Credit Management has rebounded to pre-pandemic levels after shutdowns and preventative measures greatly impacted the U.S. economy. Every factor of the combined July Credit Managers’ Index... Read Story

August 03, 2020, 08:50 AM

Petal, a new kind of credit card company built to help people financially succeed, announced that it has closed an uncommitted facility to borrow up to $300 million in debt capital from global investment bank Jefferies. Petal entered into a similar... Read Story

September 27, 2019, 08:45 AM

After months of fluctuation, credit professionals saw positive readings for the second consecutive month in the May 2019 economic report from National Association of Credit Management. NACM’s Credit Managers’ Index (CMI) has given credit managers no... Read Story

June 03, 2019, 09:00 AM

Northleaf Capital Partners (Northleaf) announced that its global private credit investment program recently raised more than US$800 million and has now surpassed US$2.2 billion in private credit capital under management. A key pillar of the firm’s... Read Story

April 12, 2019, 09:10 AM

Kirby Corporation announced that it has entered into an amended and restated credit agreement with a group of banks. The Credit Agreement, among other things: Extends the term of Kirby's existing $850 million revolving credit facility to March 27... Read Story

March 29, 2019, 09:00 AM

NACM’s Credit Managers’ Index (CMI) made a significant gain in February when the manufacturing and service sectors saw the largest upswing following two months of decline. After ending 2018 on a low note and falling further in the new year, the... Read Story

February 28, 2019, 08:00 AM

The significant rise in low investment-grade U.S. corporate debt may not equate to greater fallen angel risk in the next downturn, according to Fitch Ratings. Some of the rise is due to M&A accompanied by EBITDA growth and some is attributed to... Read Story

January 29, 2019, 09:00 AM

Federal banking agencies find that risk in the portfolio of large syndicated bank loans has declined, due to improving conditions in most sectors. Despite the improvement, the dollar volume of loans rated below “pass,” as a percentage of total loans... Read Story

January 28, 2019, 07:51 AM

October’s economic report from the National Association of Credit Management saw significant dips in both the manufacturing and service sectors, indicative of short-term economic bandages such as tax cuts wearing off. Even with holiday shopping... Read Story

November 01, 2018, 07:09 AM

Two months of dwindling results casting a shadow on NACM’s Credit Managers’ Index (CMI) ended in August with a slow but steady climb in new credit applications and dollar collections in the manufacturing and service sectors. Although each sector... Read Story

September 04, 2018, 07:24 AM

Credit professionals reported fewer filings for bankruptcy and a higher score for rejections of credit applications in the July 2018 economic report from the National Association of Credit Management, but these spikes are coupled with plummeting... Read Story

August 06, 2018, 07:05 AM

As the credit cycle enters its late stage, key metrics are stronger than before the start of prior recessions, pointing towards a lower expected default rate in the near term, according to a new Fitch Ratings report."We're seeing better trends when... Read Story

June 05, 2018, 07:10 AM

An annual Capital One survey found that asset-backed security (ABS) professionals continue to anticipate major interest in buy-side asset-backed securities in 2018. The survey, conducted at SFIG Vegas 2018—a conference that assembles professionals... Read Story

March 22, 2018, 07:17 AM

Credit professionals are reporting a decline in the favorable factors of the December economic report from the National Association of Credit Management, but with any bad news there is always good, which was seen as many unfavorable categories... Read Story

January 02, 2018, 07:16 AM

Risk in the portfolio of large syndicated bank loans declined slightly but remains elevated, according to the Shared National Credit (SNC) Program Review released by the Federal Reserve Board, the Federal Deposit Insurance Corporation (FDIC), and the... Read Story

August 04, 2017, 07:42 AM

According to the June report of the Credit Managers’ Index (CMI) from the National Association of Credit Management (NACM), the combined score reached a level as good as it has been in over a year, with a reading of 56.1. Favorable factors surged to... Read Story

July 05, 2017, 07:24 AM