Stonebriar Finance Holdings LLC announced DBRS Morningstar (DBRS) has upgraded Stonebriar’s and its related entities’ Long-Term Issuer and Senior Debt ratings from ‘BBB’ (low) to ‘BBB’ supported, in part, by Stonebriar’s resilient earnings capacity, and strong credit and asset performance since inception. DBRS’ ratings action also considered Stonebriar’s growing franchise, highly seasoned management team, diversifying funding profile, and entrenched customer base. The trend on all ratings is now stable.

Dave B. Fate, Stonebriar CEO, said, “Stonebriar has maintained its strong earnings, credit and asset performance in the face of significant market turmoil and unprecedented interest rate increases over the past year. This upgrade by DBRS is a testament to the dedication of our team and strategic partners who are committed to creating value for our customers and stakeholders every day.”

For more see the DBRS Morningstar release.