Fitch affirms International Personal Finance

Fitch Ratings said it affirmed International Personal Finance plc's long-term issuer default rating at BB+, short-term issuer default rating at B and senior unsecured debt at BB+.

The outlook is stable.

The ratings reflect the company's high margins, strong cash flow and capital generation, robust risk management and modest leverage, Fitch said.

The ratings also consider the company's demonstrated ability to rapidly restructure operations in a market with major problems, such as Hungary in 2009, the agency said, as well as the improved outlook for its key markets.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.