Fitch cuts Hannibal Lease

Fitch Ratings said it has downgraded Hannibal Lease's national long-term rating to BB-(tun) from BB(tun) and affirmed its short-term rating at B(tun).

The outlook on the national long-term rating is stable.

The agency said that the downgrade of Hannibal Lease's national long-term rating reflects the heightened risks to the leasing company's financial profile arising from a material deterioration of its profitability and weakened credit quality indicators.

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