S&P Upgrades Ladder Credit Rating to 'BB+'

Core Viewpoint - S&P Global Ratings upgraded Ladder Capital Corp's ratings, reflecting the company's improved financial position and stable outlook [1] Group 1: Rating Upgrade - S&P raised the ratings on Ladder's subsidiary issuers and unsecured notes to 'BB+' from 'BB' [1] - A 'BB+' issuer credit rating was also assigned to Ladder Capital Corp [1] - The outlook for the company is stable, indicating confidence in its future performance [1] Group 2: Factors for Upgrade - The upgrade was attributed to the company's improved leverage profile [1] - Strong business fundamentals were also cited as a reason for the rating increase [1]