Moody’s ups OneMain, Springleaf

Moody's Investors Service said it upgraded OneMain Holdings, Inc.'s corporate family rating to B2 from B3, OneMain Financial Holdings, LLC's senior unsecured debt rating to B1 from B2 and Springleaf Finance Corp.’s senior unsecured debt rating to B2 from B3.

The rating outlook is positive.

Moody’s said the upgrade reflects the substantial progress the company has made de-leveraging and improving its liquidity profile subsequent to its acquisition of OneMain Financial in November 2015, the integration of which is now complete.

The positive outlook reflects the agency’s expectation that the company will continue to improve its capitalization, given the strength of its core earnings.

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