On Feb. 17, 2022, S&P Global Ratings affirmed its 'A-' long-term issuer credit and issue-level ratings on HI-C Issuer Trust (HIT or the trust). The outlook is stable.
The stable outlook reflects our expectation that HIT's loan book will expand substantially in 2022 and 2023, strengthening the trust's business position and the enterprise risk profile over our two-year outlook horizon. A larger loan book should improve profitability and lead to a strengthening of the management team and its capabilities. As well, it is expected that HIT's financial profile will remain strong, bolstered by very strong capital adequacy and adequate liquidity.