Velocity Financial Inc. Achieves Credit Rating Upgrades from Kroll Bond Rating Agency

Reuters
Jul 09
Velocity Financial Inc. Achieves Credit Rating Upgrades from Kroll Bond Rating Agency

Velocity Financial Inc. announced that Kroll Bond Rating Agency has affirmed and upgraded ratings on its securitizations issued by its subsidiary, Velocity Commercial Capital, LLC. Out of 26 outstanding securitizations, 344 ratings were affirmed and 14 were upgraded due to strong performance and minimal cumulative losses. This positive ratings momentum is attributed to Velocity's underwriting discipline and proprietary loss mitigation strategies.

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