The review is in response to Encore's decision to move the parent entity of the Cabot group under Encore as part of a new global funding structure. In addition, Moody's placed the B1 ratings of the senior secured notes issued by Encore's operating subsidiaries, Cabot Financial (Luxembourg) SA and Cabot Financial (Luxembourg) II Ltd., on review for upgrade. The stable outlook is based on the rating agency's expectations that Encore's financial performance in the next 12 to 18 months will remain similar to its historical performance. Through its subsidiaries around the globe, Encore purchases or services portfolios of consumer receivables from major banks, credit unions, and utility providers. However, it also warned of potential weakening in the firm's profitability and higher volatility in earnings due to COVID-19, along with increased regulatory risk, which is inherent to the debt collection business in the U.S. Encore Capital Group is an international specialty finance company that provides debt recovery solutions for consumers across a broad range of assets. Protect your organization and staff from data breaches using Breachsense. (NASDAQ: ECPG), an international specialty finance company, today reported consolidated financial results for the fourth. Leak Size: Unknown: Detect & Prevent Data Breaches in Real Time With Breachsense. 23, 2022 (GLOBE NEWSWIRE) - Encore Capital Group, Inc. with a stable outlook.Īccording to Moody's, the rating reflects the company's "solid" profitability and interest coverage and "moderate" debt to EBITDA leverage. Encore Capital Partners is an international specialty finance company with operations in six countries. Zippia gives an in-depth look into the details of Encore Capital Group, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Encore Capital Group. Moody's assigned a Ba2 corporate family rating to Encore Capital Group Inc.
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