S&P rates Tanner notes BBB-

Standard & Poor’s said it affirmed the BBB- issuer credit and debt ratings on Tanner Servicios Financieros SA.

The agency also said it assigned a BBB- rating to the company’s senior unsecured notes issuance of up to $300 million.

The outlook remains stable.

The ratings reflect the company’s adequate business position, given its good business mix and market position in the factoring and auto loans segments, S&P said.

The rating on the notes is the same as the issuer credit rating, reflecting the debt’s pari passu ranking in right of payment with all of Tanner’s senior unsecured debt obligations, the agency said.

© 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.