KBRA Expects Neutral Effect on Ratings Following ECN’s Triad Buy
OCT 30, 2017 - 7:44 am
Kroll Bond Ratings agency expects that ECN Capital’s acquisition of Triad Financial Services will be neutral to ECN’s ratings. KBRA also noted that this transaction will help to further diversify revenue and has healthy growth potential in terms of origination and revenue generation. Moreover, ECN, with C$4.57 billion ($3.56 million) in total assets as of June 30, 2017, is an experienced acquirer with strict requirements for strategic opportunities. Additionally, the impact of the transaction on ECN’s leverage will be nominal.
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