Rithm Capital Preferred Series C

Rithm Capital has completed its acquisition of Crestline Management, strengthening its integrated asset-management platform. The combined company manages about $102 billion (approximately $47 billion on the balance sheet, $55 billion in AUM), employs more than 200 investment professionals and most recently recorded revenue growth of 32% year over year. S&P has raised the outlook to "positive"; Rithm reported adjusted EPS for Q3 of $0.54 (expectation $0.53) on revenue of $1.11 billion (below guidance). » Más en de.investing.com

S&P Global Ratings has raised the outlook for Rithm Capital from “stable” to “positive” and affirmed the issuer rating at B and the bond rating at B-. The upgrade is attributed to strong organic growth, strategic acquisitions and increasing business diversification; total assets rose to $47.2 billion as of September 30, 2025, with equity of $8.6 billion. S&P expects a leverage ratio of 4.5x–6.0x over the next 12 months (currently 5.0x) and cites improved liquidity and collateral profiles; a rating upgrade is possible if integration, earnings and leverage remain within target ranges. » Más en de.investing.com