Moody's: Peach Holding view negative

Moody's Investors Service said it affirmed Peach Holdings, Inc.'s corporate family rating and senior secured bank credit facility of B2 and changed the outlook to negative from stable.

The negative outlook reflects emerging risks in the company's funding profile in the current challenging market conditions, according to the agency.

Ratings reflect the company's strong market share in a number of personal factoring segments, the agency said.

Ratings also are supported by the company's experienced management team that has played a role in shaping the regulatory environment in its business sector and has invested significantly in the company's equity, the agency noted.

Ratings reflect a number of risks to the company, including its reliance upon securitization funding and its significant financial leverage, Moody's said.

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