8 Jun 2017 16:36
8 June 2017
INTERNATIONAL PERSONAL FINANCE PLC
CREDIT RATING UPDATE
International Personal Finance plc ("IPF") notes that Fitch has downgraded the long-term credit rating of IPF by one notch from BB+ to BB, with outlook negative. This was part of the scheduled annual review of the rating by Fitch.
Fitch highlights the announcement in December 2016 of a proposal by the Polish Ministry of Justice to reduce the cap on non-interest charges on consumer loans; and the announcement in January 2017 that IPF's home credit company in Poland, Provident Polska, would appeal a decision received from the Polish Tax Chamber.
IPF has already updated public markets on these issues, and there are no further significant developments on these issues at this stage.
Enquiries:
Nick Dahlgreen (Group Treasurer)
| +44 (0) 113 285 6921 |
Rachel Moran (Investor Relations) | +44 (0) 7760 167637 / +44 (0) 113 285 6798 |
Legal Entity Identifier: 213800II1O44IRKUZB59
Inter. Pers. (IPF)