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.
Background of Sale-Leaseback Accounting A sale-leaseback occurs when a company sells an asset to a lessor then and leases it back. The leaseback may be for the entire asset or a portion of it (as in real estate) and for... read more
We can’t remember the last time we rented a car during business travel. Ride sharing is so much easier and usually less expensive. No rental car pickup, parking hassles, hotel valet fees or airport car drop-off. Ride sharing services and... read more