Fitch revises consumer finance company views to negative

Fitch said it revised to negative from stable the outlooks for Discover Financial, American Express Co., Synchrony Financial, SLM Corp. and Capital One Financial Corp.

The agency cited the downside risks from the measures taken to curtail the spread of the coronavirus for the outlook revision.

Fitch said it is reviewing seven consumer finance companies.

Fitch affirmed all the long-term issuer ratings.

Citing, upgraded criteria, Fitch upgraded Synchrony’s preferred shares to B+ from B, Discover’s to BB from BB- and American Express’ to BBB- from BB+

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