DBRS Morningstar upgraded Stonebriar Finance Holdings’ and its related entities’ long-term issuer and senior debt ratings from BBB (low) to BBB supported, in part, due to Stonebriar’s resilient earnings capacity and strong credit and asset performance since inception. DBRS’ ratings action also considered Stonebriar’s growing franchise, highly seasoned management team, diversifying funding profile and entrenched customer base. The trend on all ratings is now stable.

“Stonebriar has maintained its strong earnings, credit and asset performance in the face of significant market turmoil and unprecedented interest rate increases over the past year,” Dave B. Fate, CEO of Stonebriar, said. “This upgrade by DBRS is a testament to the dedication of our team and strategic partners who are committed to creating value for our customers and stakeholders every day.”