S&P assigns B- to Enova notes

S&P said it affirmed its B issuer credit rating on Enova International Inc.

The outlook remains negative.

The agency also assigned its B- issue rating on the company's new $250 million senior unsecured notes due 2024. The recovery rating is 5, indicating an expectation for modest (10%-15%) recovery in the event of a payment default.

S&P said the rating action follows the company's announcement that it plans to raise $250 million of unsecured notes due in 2024.

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