MI reduces taxpayer risk exposure by transferring a substantial portion of mortgage
credit risk to companies backed by private capital.
Not exact matches
Sun is currently the chief
credit officer at Avant, and stood out early
to Goldstein at Enova by developing an alternative
risk - scoring system for the
company's loans, Goldstein says.
Important factors that could cause actual results
to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited
to, the following: 1) our ability
to continue
to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability
to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability
to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability
to achieve certain cost reductions with respect
to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability
to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability
to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence
to their announced schedules; 10) our ability
to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability
to enter into profitable supply arrangements with additional customers; 12) the ability of all parties
to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the
risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability
to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability
to borrow additional funds or refinance debt, including our ability
to obtain the debt
to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes
to the interpretations of or guidance related thereto, and the
Company's ability
to accurately calculate and estimate the effect of such changes; 21) any reduction in our
credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability
to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our
credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving
credit facility
to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure
to potential product liability and warranty claims; 31) our ability
to effectively assess, manage and integrate acquisitions that we pursue, including our ability
to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability
to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes
to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability
to continue selling certain receivables through our supplier financing program; 34) the
risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability
to complete the proposed accelerated stock repurchase plan, among other things.
the
Company is also exposed
to credit risk in certain of its insurance operations and with respect
to certain guarantee or indemnification arrangements that we have with third parties;
the
Company's investment portfolio is subject
to credit risk and interest rate
risk, and may suffer reduced or low returns or material realized or unrealized losses;
Any funding should be used
to work toward the goal of making the
company and the owner a better
credit risk in the future.
On top of the
risk of federal prosecution, IRS targeting and asset seizure, cannabis entrepreneurs have
to cope with the hazards of conducting a business that deals mostly in cash, since a majority of traditional financial institutions — banks,
credit card issuers, and payment transaction
companies — won't provide services
to the industry.
Such
risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected
to be incurred by United Technologies in connection with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection with the pending Rockwell Collins acquisition; (5) future availability of
credit and factors that may affect such availability, including
credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due
to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8)
company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability
to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred
to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins
to receive the required regulatory approvals (and the
risk that such approvals may result in the imposition of conditions that could adversely affect the combined
company or the expected benefits of the merger) and
to satisfy the other conditions
to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise
to a right of one or both of United Technologies or Rockwell Collins
to terminate the merger agreement, including in circumstances that might require Rockwell Collins
to pay a termination fee of $ 695 million
to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20)
risks related
to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21)
risks relating
to the value of the United Technologies» shares
to be issued in connection with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22)
risks associated with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23)
risks associated with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined
company,
to retain and hire key personnel.
«If a
company is exporting
to the U.S., they'll be reviewing whether
to increase their interest or reduce their line of
credit to mitigate
risk,» he says.
Factors that will have an impact on
credit quality of
companies include domestic consumption trends, exports, commodity price
risks, sensitivity
to changes in interest rates, working capital
risk, capital expenditure and sensitivity
to foreign exchange volatility.
Beyond then, we expect the
company to sustain
credit measures that are consistent with its intermediate financial
risk profile, characterized by fully adjusted debt
to EBITDA of 2.5x - 3.0 x, funds from operations
to debt of more than 25 %, and EBITDA interest coverage of more than 5.0 x.
«If you step in with legislation like this, where it's tougher on
companies to price
risk into the equation, the real
risk is they're going
to pull in on
credit,» Keating said.
Among the factors that could cause actual results
to differ materially are the following: (1) worldwide economic, political, and capital markets conditions and other factors beyond the
Company's control, including natural and other disasters or climate change affecting the operations of the
Company or its customers and suppliers; (2) the
Company's
credit ratings and its cost of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those rates; (5) the timing and market acceptance of new product offerings; (6) the availability and cost of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due
to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the impact of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions
to the
Company's information technology infrastructure; (10) financial market
risks that may affect the
Company's funding obligations under defined benefit pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the
Company's Annual Report on Form 10 - K for the year ended Dec. 31, 2017, and any subsequent quarterly reports on Form 10 - Q (the «Reports»).
In some cases, a banker gets interested, but he or she expresses anxieties about perceived
risks; a
credit - line commitment might be offered, contingent upon the
company's being able
to carry out some type of equity offering simultaneously.
The
company uses its
credit on jobs that don't provide the return it needs
to justify the
risk of not getting paid.
Additionally, a
credit card processing
company will look at how long you have been in business and even your own
credit score
to determine the level of
risk involved in providing you with
credit card services.
These
risks and uncertainties include competition and other economic conditions including fragmentation of the media landscape and competition from other media alternatives; changes in advertising demand, circulation levels and audience shares; the
Company's ability
to develop and grow its online businesses; the
Company's reliance on revenue from printing and distributing third - party publications; changes in newsprint prices; macroeconomic trends and conditions; the
Company's ability
to adapt
to technological changes; the
Company's ability
to realize benefits or synergies from acquisitions or divestitures or
to operate its businesses effectively following acquisitions or divestitures; the
Company's success in implementing expense mitigation efforts; the
Company's reliance on third - party vendors for various services; adverse results from litigation, governmental investigations or tax - related proceedings or audits; the
Company's ability
to attract and retain employees; the
Company's ability
to satisfy pension and other postretirement employee benefit obligations; changes in accounting standards; the effect of labor strikes, lockouts and labor negotiations; regulatory and judicial rulings; the
Company's indebtedness and ability
to comply with debt covenants applicable
to its debt facilities; the
Company's ability
to satisfy future capital and liquidity requirements; the
Company's ability
to access the
credit and capital markets at the times and in the amounts needed and on acceptable terms; and other events beyond the
Company's control that may result in unexpected adverse operating results.
Similar
to D&B, Experian captures information about your business» background,
company financial information,
credit score and
risk factors, banking, trade, and collection history, liens judgments, bankruptcies, and your industry
to create a 100 - point ranking for your business (but the data is weighted and scored differently than the PAYDEX score).
If you have a stable job and a strong income, many
credit card
companies will be willing
to take a small
risk and give you a small
credit limit.
As
Credit Karma's Chief Financial Officer, Joseph manages the
company's financial planning, forecasting, record keeping and
risk as it continues
to expand aggressively, following several years in which the
company doubled both its member base and employee headcount.
Under this initiative, senior
Company human resources, compliance,
credit, and legal personnel compiled and analyzed extensive information about the
Company's incentive plans, including plan documents, eligibility criteria, payout formulas and payment history, and held extensive interviews with business line managers
to understand how evaluation of business
risk affects incentive plan performance measures and compensation decisions.
While bond
credit ratings and relative yield can compensate an investor for the relative
risk of
companies to make good on their debts, the recent past has shown this is not always the case.
A low score tells a
company that are a potential
risk when it comes
to credit.
A variety of third parties — including banks,
credit card issuers, insurance
companies, leasing firms, investors, and so on — pull business
credit scores
to evaluate
risk and reliability.
The PMI
companies noted an uptick in mortgage borrowers with debt -
to - income above 45 % along with other
credit risks in the latter half of 2017.
Furthermore, the
risk profile of cryptocurrency consumers as a whole might also give pause
to major
credit card
companies.
Stifel analysts Chad Vanacore, Daniel Bernstein and Elizabeth Moran wrote, «OHI is an improving
credit story, with lower
risk from increased tenant diversification, increased scale and low cost of capital allowing the
company to further diversify its portfolio through highly accretive transactions.»
The first is a traditional
credit risk score (range: 100
to 992), which analyzes your
company's
credit history —
credit utilization, past delinquencies, length of
credit history, and the like.
Experian business
credit scores employ multiple factors
to measure a
company's
risk level.
One way
to diversify traditional fixed income investments is
to consider strategies that shift away from highly indebted
companies and offer a balance between interest rate and
credit risk... while still providing an attractive yield.
Specifically, Defendants made false and / or misleading statements and / or failed
to disclose that: (i) the
Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited
credit histories with high - interest rate debt that they could not repay; (ii) many of the
Company's customers were using Qudian - provided loans
to repay their existing loans, thereby inflating the
Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the
Company was providing online loans
to college students despite a governmental ban on the practice; (iv) the
Company was engaged overly aggressive and improper collection practices; (v) the
Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the
Company's improper lending, underwriting and collection practices it was subject
to a heightened
risk of adverse actions by Chinese regulators; (vii) the
Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the
Company had failed
to implement necessary safeguards
to protect customer data; (ix) data for nearly one million
Company customers had been leaked for sale
to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords
to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the
Company to undisclosed
risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.
A CONVERSATION STARTER By Paula L. Green Trade
credit insurance is making it easier for
companies to interact with their suppliers around the world, and usage is soaring as global corporations recognize the
risk - mitigating benefits.
By handing out thousands and thousands of
credit cards and small loans, these
companies have been able
to improve their own
risk models.
When you apply for a policy, the insurance
company may take a look at your
credit and debt -
to - income ratio
to gauge your
risk level.
In the
company's Q2, 28 % of its cardholders had FICO scores at or below 660, the level considered
to be a «fair» quality
credit risk.
«Our investment in Trover and Equian demonstrates our ability
to provide portfolio
companies and financial sponsors customized
credit solutions quickly and efficiently without concern for syndication
risks or delays,» said Michael C. Forman, chairman and CEO of FSIC, FSIC II and FSIC III.
Furthermore, in the press release, Moody's lead analyst for GE stated that GE's industrial operations still have many Aaa - like
credit characteristics and that the downgrade has more
to do with Moody's view of the
risk profile for GECC rather than
risks related
to the parent
company.
Investment and
risk management processes need
to adapt
to these changes and account for systematic
risks (including technical) in addition
to company - level
credit risks.
The aim is
to keep the overall
risk status at such a low level that its
credit rating is the best possible in relation
to that of the Finnish state and that the
company's strong
credit rating is not compromised through any measures of its own.
The
company looks beyond your
credit score
to determine your
risk.
GASH Point also stands
to benefit — bitcoin will allow the
company to lower its transaction costs and reach new customers without the fraud
risks of traditional
credit card payments.
The
company cautions you that these statements are not guarantees of future performance and are subject
to numerous
risks and uncertainties, including volatility in the economy and the
credit markets, supply and demand changes for vacation ownership and residential products, competitive conditions; the availability of capital
to finance growth, and other matters referred
to under the heading «
Risk Factors» contained in the
company's most recent Annual Report on Form 10 - K filed with the U.S Securities and Exchange Commission (the «SEC») and in subsequent SEC filings, any of which could cause actual results
to differ materially from those expressed in or implied in this press release.
The
Company operates through three segments: LoyaltyOne, which provides coalition and short - term loyalty programs through the
Company's Canadian AIR MILES Reward Program and BrandLoyalty; Epsilon, which provides end -
to - end, integrated marketing solutions, and Card Services, which provides
risk management solutions, account origination, funding, transaction processing, customer care, collections and marketing services for the
Company's private label and co-brand retail
credit card programs.»
By loaning money
to a
company with lower
credit quality, investors face a higher
risk of not receiving all of the promised interest and principal payments.
Examples of these
risks, uncertainties and other factors include, but are not limited
to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the
risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances
to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability
to obtain adequate insurance coverage; our substantial indebtedness, including the ability
to raise additional capital
to fund our operations, and
to generate the necessary amount of cash
to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors
to accelerate the repayment of our indebtedness; volatility and disruptions in the global
credit and financial markets, which may adversely affect our ability
to borrow and could increase our counterparty
credit risks, including those under our
credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability
to recruit or retain qualified personnel or the loss of key personnel; future changes relating
to how external distribution channels sell and market our cruises; our reliance on third parties
to provide hotel management services
to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability
to keep pace with developments in technology; amendments
to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «
Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the
Company with the Securities and Exchange Commission.
As you can see, taking additional
credit risk by lending
to lower quality
companies produces higher returns and higher volatility.
Still, other
companies like Equifax's Small Business
Credit risk Score for Financial Services, which uses a rating system that ranks scores from 101
to 992, ascribe
to alternative rating scales.
Trade
credit insurance is a multifaceted business tool for any
company that sells goods or services on
credit terms and is exposed
to the
risk of non-payment due
to a buyer's insolvency or failure
to pay within the agreed terms and conditions.
This includes exchanging information with other
companies and organisations for the purposes of fraud protection and
credit risk reduction, or
to the Police and any relevant authority or enforcement body (including your Internet Service Provider or network administrator).
Marvel deserves some
credit for bringing Black Panther
to the big screen (though it took 18 MCU movies
to get
to this point, and let's not forget how Disney felt it unnecessary
to release action figures for its female superhero), but it's not as if the
company was taking a big financial
risk.