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Fitch changes Mercantile Investments view
Fitch Ratings said it revised the outlook on Mercantile Investments and Finance plc to negative from stable and affirmed the ratings.
At the same time, Fitch affirmed the ratings of Central Finance Co. plc, LB Finance plc, Senkadagala Finance plc, People's Leasing & Finance plc.
“The negative outlook on MIF's national long-term rating reflects our expectation that MIF's capital buffers could deteriorate further from pressure on its already-weak asset quality and below-average earning generation,” the agency said in a news release.
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