Credit Rating Report

MCAP Commercial LP: Rating Report

Non-Bank Financial Institutions

Summary

On March 8, 2021, DBRS Morningstar confirmed the Long-Term Issuer Rating and Senior Secured Notes rating of MCAP Commercial LP (MCAP or the Partnership) at BBB with Stable trends. MCAP has an Intrinsic Assessment (IA) of BBB and a Support Assessment (SA) of SA3, which reflects no expectation of timely external support. This results in a rating that is equivalent to the Partnership's IA.

Ratings

  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

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