Weekly Recap: BBB- credit rating upgrade and $400 million buyback plan

Newmark Group, Inc. Class A (NASDAQ:NMRK) earned an S&P Global Ratings upgrade to BBB- as it reported 1.0x net leverage, while repurchasing shares and authorizing a new $400 million buyback. The company also plans to expand internationally over the next 18 to 24 months.

Previous Week Recap

• Rating Upgraded To BBB-: S&P Global Ratings upgraded Newmark Group, Inc. Class A (NMRK)’s issuer credit rating to BBB- from BB+ on September 16, 2026. Newmark reported a quarter-end net leverage ratio of 1.0x.
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• New $400 Million Buyback Plan: Newmark repurchased 3.9 million shares for $59.4 million and approved a new $400 million buyback plan. It ended the quarter with $240 million in cash, $877.5 million in debt and 1x net leverage.
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• Plans Broad International Expansion: Newmark Group (NMRK) plans international expansion across nearly all service lines over the next 18 to 24 months. About 13% of revenue currently comes from outside the U.S.
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