Fitch rates Union de Factoring notes BBB-

Fitch Ratings said it assigned Union de Factoring's senior unsecured notes a national long-term rating of BBB-(tun).

“The rating of UF's senior unsecured notes is equalized with UF's national long-term rating, reflecting Fitch's expectations of average recoveries for the notes,” the agency said in a press release.

The outlook is stable.

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