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Fitch downgrades Mexico’s Unifin on announced debt service cessation

By:
Reuters
Updated: Aug 10, 2022, 22:08 UTC

MEXICO CITY (Reuters) - Fitch Ratings downgraded on Wednesday Mexican leasing firm Unifin's long- and short-term foreign and local currency issuer default ratings (IDRs) to 'C' and 'C' from 'BB-' and 'B' respectively, according to a statement.

The Fitch Ratings logo is seen at their offices at Canary Wharf financial district in London

MEXICO CITY (Reuters) – Fitch Ratings downgraded on Wednesday Mexican leasing firm Unifin’s long- and short-term foreign and local currency issuer default ratings (IDRs) to ‘C’ and ‘C’ from ‘BB-‘ and ‘B’ respectively, according to a statement.

Shares in Unifin plummeted 40% during the day’s session.

(Reporting by Valentine Hilaire)

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