Ready Capital Investor Presentation Deck
Loan Portfolio - Risk Rating
RISK RATING DISTRIBUTION
100%
80%
60%
40%
20%
0%
1.85
1.75
AVERAGE RISK RATING
1.65
1.55
1.45
1.35
89% 88%
1.25
1 & 2
1.47
1.63
Q1'22
4% 4%
1.48
1.70
Q2'22
3
SBC SBA
1.52
Q3'22
3% 5%
1.67 1.68
SBC SBA
4
1.66
Q4'22
4% 3%
5
1.70
1.67
Q1'23
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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