MEXICO CITY – Fitch Ratings downgraded on Wednesday Mexican leasing firm Unifin’s long- and short-term foreign and local currency issuer default ratings (IDRs) to ‘C’ and ‘C’ from ‘BB-‘ and ‘B’ respectively, according to a statement.
Shares in Unifin plummeted 40% during the day’s session.
(Reporting by Valentine Hilaire)