Ready Capital Investor Presentation Deck
Loan Portfolio - Risk Rating
RISK RATING DISTRIBUTION (1)
100%
80%
60%
40%
20%
0%
2.50
2.00
1.50
1.00
90%
|
0.50
85%
1 & 2
RISK RATING DISTRIBUTION (²)
1.98 2.02
5%
Q4'20
1.82 1.88
3
Q1'21
8%
■SBC SBA
1.72 1.69
Q2'21
3% 5%
SBC SBA
4
1.62
1.71
Q3'21
2% 2%
5
1.51
1.68
Q4'21
1. Percentages reflect the risk rating distribution of the SBC and SBA loan portfolios based on UPB
2. Represents the average risk rating distribution of the SBC and SBA loan portfolios based on UPB
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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