S&P assigns CCC+ to Springleaf notes

Standard & Poor's said it assigned its CCC+ rating on Springleaf Finance Corp.'s $250 million seven-year senior unsecured notes. The B- long-term issuer credit rating and stable outlook remain unchanged.

The rating on the new senior unsecured notes is the same as the rating on the company's existing unsecured debt.

"Our stable outlook on Springleaf balances the company's recent access to the securitization market and slowly improving earnings against the possibility of longer-term liquidity difficulties if securitizations or other funding options prove elusive as debt matures over the next four years. We believe that Springleaf's current sources of liquidity should be sufficient through 2014," S&P said in a news release.

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