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Published on 11/11/2016 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

Fitch revises OneMain view to positive

Fitch said it affirmed the long-term issuer default ratings of OneMain Holdings, Inc., OneMain Financial Holdings, LLC and Springleaf Finance Corp. at B-.

Fitch also affirmed the senior unsecured debt ratings of OneMain Financial and Springleaf at B/RR3 and B-/RR4, respectively.

The outlook has been revised to positive from stable.

Fitch said the positive outlook reflects OneMain's actual and expected continued reduction of leverage following the closing of Springleaf Holdings Inc.'s acquisition of OneMain Financial in November 2016, progress in addressing outsized debt maturities in 2017 and continued execution of its integration with OneMain Financial, which is expected to be completed by the middle of 2017.


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