Far Point Acquisition Corp Credit Rating

BOSTON (AI Credit Rating Terminal) Thu Jul 23 2020 19:19:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below:

Rating Action Overview


We downgraded Far Point Acquisition Corp because of derivatives receivables represent more than 0.5% of total assets for entities reporting under U.S. GAAP. We use econometric methods for period (n+30) simulate with Moving Average Convergence Divergence (MACD) ElasticNet Regression. Reference code is: 2079. Beta DRL value REG 36 Rational Demand Factor LD 4445.7798. For new issuers, while our ratings are prospective, we will not include proposed financing as a source in our liquidity calculations until the financing has been obtained or is fully underwritten. Similarly, we would not include rights issues as a source of liquidity for a company, unless the rights issue is irrevocably guaranteed (for example, an underwriter agrees to buy any securities not taken up by existing holders). Credit Rating AI Process rely on primary sources of information: Sec Filings, Financial Statements, Credit Ratings, Semantic Signals. Take a look at Machine Learning section for Financial Deep Reinforcement Learning.Oscillators are used for generating credit risk signals by using the semantic and financial signals. The value of the oscillators indicate the strength of trend. Using the correlation matrices, the credit rating risk map for Far Point Acquisition Corp as below:

Credit Ratings for Far Point Acquisition Corp as of 23 Jul 2020


Credit Rating Short-Term Long-Term Senior
AI Rating Class*B1B2
Semantic Signals8340
Financial Signals6479
Risk Signals4542
Substantial Risks6954
Speculative Signals3031

*Machine Learning utilizes multiple learning algorithms to obtain better predictive powers. In our research, we utilize machine learning to combine the results from the Neural Network and Support Vector Machines.
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