Moody’s changes OneMain, Springleaf view

Moody's Investors Service said it affirmed OneMain Holdings, Inc.'s corporate family rating and Springleaf Finance Corp.'s senior unsecured debt rating at B1.

The agency also revised the outlook to positive from stable.

The revision of the outlook to positive from stable reflects the company's strong financial performance – its solid profitability, continued deleveraging and improvement to its liquidity and funding profile, Moody’s said.

OneMain Holdings' capitalization, measured as tangible common equity to tangible assets, improved to 9.3% at June 30 from 8.1% at year-end 2017.

Moody's said it expects the company to continue to build its capital through earnings retention and achieve tangible capitalization of 10% by the end of 2018.

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