Moody’s Investors Service upgraded NXT Capital’s corporate family and secured term loan ratings to B1 from B2. Moody’s also maintained the positive outlook on the ratings.

Moody’s said it upgraded NXT’s ratings to reflect the firm’s strong profitability since inception, disciplined growth, well managed asset quality and low, though modestly increasing, leverage.

Moody’s noted that since commencing operations in 2010, NXT has pursued reasonable and balanced growth in its corporate finance and commercial real estate finance segments, extending its record of profitable operations, while exiting its less-promising equipment finance segment.