Fitch Affirms MB Shinsei Consumer Credit Finance at 'B+'; Outlook Stable
Fitch Ratings has reaffirmed the Long-Term Issuer Default Rating (IDR) of MB Shinsei Consumer Credit Finance Limited Liability Company (Mcredit) at 'B+', with a stable outlook.
The rating reflects Mcredit's solid asset quality and manageable credit costs, according to Fitch. The company's consumer loan portfolio has shown resilience in the face of economic challenges, with a low delinquency rate and a stable credit cost ratio.
Fitch also noted that Mcredit's capitalization is adequate, with a strong capital adequacy ratio and a stable funding profile. The company's liquidity is also considered sufficient, with a low loan-to-deposit ratio and a stable deposit base.
The stable outlook reflects Fitch's expectation that Mcredit will maintain its solid asset quality and manageable credit costs, while also continuing to improve its capitalization and funding profile.
