DBRS Morningstar: New Residential Investment Corp. Rebrands as Rithm Capital Corp.
Non-Bank Financial InstitutionsDBRS, Inc. (DBRS Morningstar) has updated its website to reflect the corporate rebranding of New Residential Investment Corp. to Rithm Capital Corp. (RITM or the Company). The rebranding of the Company has no impact to its Long-Term Issuer Rating of BB (low). The trend on all ratings is Stable.
The Company’s New York Stock Exchange ticker was changed to RITM.
ENVIRONMENTAL, SOCIAL, GOVERNANCE CONSIDERATIONS
There were no Environmental/ Social/ Governance factor(s) that had a significant or relevant effect on the credit analysis
A description of how DBRS Morningstar considers ESG factors within the DBRS Morningstar analytical framework can be found in the DBRS Morningstar Criteria: Approach to Environmental, Social, and Governance Risk Factors in Credit Ratings at https://www.dbrsmorningstar.com/research/396929/dbrs-morningstar-criteria-approach-to-environmental-social-and-governance-risk-factors-in-credit-ratings.
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For more information on this credit or on this industry, visit www.dbrsmorningstar.com.
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