Fitch lists Unifin in default

Fitch lists Unifin in default

Debt Bonds Loans Mexico Capital Markets

Fitch Ratings has downgraded Mexico's Unifin to RD from C after the non-bank lender defaulted on some of its debts, the rating agency said in a report on Thursday. Unifin said earlier in the week that it had appointed chairman Rodrigo Lebois to lead its debt restructuring, but Fitch said the company has not yet announced a start to the process. The non-bank lender said last week that it would stop making debt payments and try to negotiate a stand-still agreement with creditors. It has blamed a l

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