Moody's Ratings Review of NMC

Moody’s Ratings has completed a periodic review of NMC’s ratings, along with other ratings associated with the Company.

NMC’s Ba3 long-term corporate family rating (CFR) reflects its standalone credit assessment of ba3. The Ba3 long-term issuer rating indicates the absence of any material structural subordination of the Company’s unsecured obligations.

The ba3 standalone assessment is primarily supported by the Company’s strong financial metrics, high capital buffers, and robust asset quality — with no problem loans reported for several years.

The full review is available here.