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.
Nick Dahlgreen (Group Treasurer)
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+44 (0) 113 285 6921 |
Rachel Moran (Investor Relations) |
+44 (0) 7760 167637 / +44 (0) 113 285 6798 |
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