S&P lifts Rialto to stable

Standard & Poor’s said it revised the outlook on Rialto Holdings LLC to stable from negative.

The agency also said it affirmed the company’s B+ issuer credit and B senior unsecured ratings.

The outlook revision reflects Rialto’s ability to raise new investment funds and increase assets under management with sustainable management fees following the January 2015 departure of certain employees in Rialto’s investment management business, S&P said.

The ratings reflect the company’s relatively conservative balance sheet leverage, offset by higher risk assets relative to banks and other commercial real-estate finance companies, the agency said.

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