Rithm Capital earns S&P upgrade to ’B+’ following steady revenue diversification
S&P upgraded Rithm Capital Corp (RITM) to 'B+' from 'B', citing revenue diversification and stable earnings. Key drivers include asset management growth to $61B and Newrez's $581M pretax income. Challenges include Elecor's $69M loss and high secured debt. Leverage is expected to stay within 4.5x-6.5x range.



