THARISA PLC Credit Rating

BOSTON (AI Credit Rating Terminal) Sat Aug 01 2020 15:49:02 GMT+0000 (Coordinated Universal Time) AI Credit Ratings today took the rating actions below:

Rating Action Overview


We downgraded THARISA PLC because of the firm's business is modestly more concentrated than average for peers, and the concentration represents modest incremental risk above what is captured in the anchor, but it is not a key credit weakness. We use econometric methods for period (n+7) simulate with Williams %R Logistic Regression. Reference code is: 3342. Beta DRL value REG 43 Rational Demand Factor LD 4359.9024. Likewise, we do not consider factoring programs under sources of liquidity. Unlike asset-based lending (ABL) facilities, factoring is more of a sales transaction and not a loan. In addition, these transactions tend to be very short term. For this reason, we would not consider them a committed source of future liquidity over a 12-month period. 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 THARISA PLC as below:

Credit Ratings for THARISA PLC as of 01 Aug 2020


Credit Rating Short-Term Long-Term Senior
AI Rating Class*B1B1
Semantic Signals8431
Financial Signals8548
Risk Signals3969
Substantial Risks5671
Speculative Signals4879

*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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