Moody’s changes OneMain, Springleaf to positive

Moody's Investors Service said it affirmed OneMain Holdings, Inc.'s B3 corporate family rating, Springleaf Finance Corp.’s B3 senior unsecured ratings, OneMain Financial Holdings, LLC's B2 senior unsecured ratings, and changed the outlooks to positive from stable.

Moody’s said the affirmations with a positive outlook 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 agency expects that the company will further deleverage through earnings retention.

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