Fitch lifts Financial Federal

Fitch Ratings said it raised Financial Federal Corp.'s and Financial Federal Credit Inc.'s senior unsecured debt ratings to BBB+ from BBB.

The outlook was revised to stable from positive.

Fitch said the rating changes principally reflect Financial Federal's operating discipline and management conservatism demonstrated throughout the recent downturn in the commercial finance industry. Despite the confluence of weak equipment demand, deflationary equipment values, and difficult operating conditions for many of the collateral types that Financial Federal finances, the company was able to maintain solid profitability and asset quality measures.

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