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Accredited Affirmed.
NEW YORK -- Moody's Investors Service has affirmed its "SQ3+" rating for Accredited Home Lenders.
The affirmation came in light of the news that Accredited's parent, Accredited Home Lenders Holding Co., is being bought by Lone Star Funds, a private equity group. The deal will make Accredited a privately held company.
Moody's said the deal may give Accredited "enhanced access to capital" given the current market ...
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...affiliates. Lone Star, which agreed in June to acquire Accredited, replied Monday...surprising. Lone Star said Friday in...regulatory filing that Accredited no longer met...bankruptcy. Neither Accredited nor Lone Star immediately returned...
Source: HighBeam Research, Accredited Affirmed.