S&P affirms Unifin notes

S&P said it affirmed the BB issue-level rating for Unifin Financiera SAB de CV’s offering after the company boosted the amount of its senior unsecured notes by $50 million to $450 million.

“The incremental debt doesn’t weaken the company’s funding assessment, because we expect Unifin to use part of the proceeds for general corporate purposes, including lowering its asset liability management,” S&P said in a news release.

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