Moody's Ratings upgrades LendingTree's CFR to B3; outlook changed to stable
Moody's Ratings ("Moody's") upgraded LendingTree, Inc.'s ("LendingTree") corporate family rating (CFR) to B3 from Caa1. The B3 first lien senior secured credit facility rating and Caa1-PD probability of default rating (PDR) were both affirmed. The outlook was changed to stable from negative. The spe...LendingTree operates the online consumer platform. Services include mortgage loans, mortgage refinances, home equity loans and lines of credit, auto loans, and other related offerings. The company's segments include: Home, in which it partners with lenders throughout the United States to provide geographic lending coverage and to provide a suite of loan offerings on its marketplace; Consumer which provides consumer lending products on its online marketplace and non-lending Consumer products; and Insurance, which includes information, tools and access to insurance quote products, including home and automobile, through which consumers are matched with insurance aggregators to obtain insurance offers.
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