Moody’s Upgrades Five Classes of Verdant Receivables ABS Notes
Axos Financial, Inc. (AX)
Company Research
Source: Business Wire
Ratings reflect continued credit enhancement and strong collateral performance CINCINNATI--(BUSINESS WIRE)--Verdant Commercial Capital, LLC, a division of Axos Bank, the nationwide bank subsidiary of Axos Financial, Inc. (NYSE: AX), announced that Moody’s Ratings upgraded five classes of notes across its Verdant Receivables 2023-1 and 2024-1 equipment asset-backed securitizations, reflecting strong collateral performance, rising credit enhancement, and continued stability in Verdant’s equipment finance platform.Moody’s upgraded three classes in the 2023-1 transaction and two classes in the 2024-1 transaction following a full review of both transactions.Upgraded classesVerdant Receivables 2023-1 LLCClass B: Aaa (sf)Class C: Aa1 (sf)Class D: A3 (sf)Verdant Receivables 2024-1 LLCClass B: Aa1 (sf)Class C: Aa3 (sf)Moody’s cited sequential pay structures, non-declining reserve accounts, and increasing overcollateralization as drivers of the actions, supporting continued credit enhancemen
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- Axos Financial (AX) was downgraded by Zacks Research from "strong-buy" to "hold".MarketBeat
AX
Earnings
- 1/29/26 - Beat
AX
Sec Filings
- 4/7/26 - Form 4/A
- 3/26/26 - Form SCHEDULE
- 3/24/26 - Form 4
- AX's page on the SEC website