Ready Capital Investor Presentation Deck
Loan Portfolio - Risk Rating
RISK RATING DISTRIBUTION
100%
80%
60%
40%
20%
0%
90% 90%
1.75
1.70
1.65
1.60
1.55
1.50
1.45
1.40
1.35
1 & 2
AVERAGE RISK RATING
1.51
1.68
Q4'21
4% 3%
1.47
1.63
Q1'22
3
■SBC SBA
1.48
1.70
Q2'22
SBC SBA
3% 5%
4
1.52
1.67
3% 2%
Q3'22
5
1.68
1.66
||
Q4'22
RISK RATING CRITERIA
READY CAPITAL.
BUCKET 1:
Very Low Risk of Loss: New origination or current with strong
credit metrics (LTV/DSCR/DY). No expected losses.
BUCKET 2:
Low Risk of Loss: Current with maturity > 6 months. Lower credit
metrics with possibility of inclusion on CREFC watchlist. No
expected losses.
BUCKET 3:
Medium Risk of Loss: Current with near term maturities or in
forbearance. Loss unlikely with no specific reserves booked.
BUCKET 4:
Higher Risk: Loan delinquent or in maturity default. Potential
issues with sponsor or business plans. Minimal losses possible
and adequately reserved in current period.
BUCKET 5:
Highest risk: Loan in default or special servicing. Specific losses
identified and adequately reserved for in current period.
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