S&P rates Unifin notes BB

S&P said it rated Unifin Financiera SAB de CV’s proposed senior notes for up to $200 million BB.

“Our view that the firm's priority debt (secured debt) will represent slightly less than 15% of adjusted assets for the next 12 months, which supports our BB rating on the proposed notes,” S&P said in a press release.

Proceeds will be used for repaying short-term debt and extending the bank’s debt maturity.

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