Fitch downgrades Mexico's Unifin on announced debt service cessation
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FILE PHOTO: The Fitch Ratings logo is seen at their offices at Canary Wharf financial district in London,Britain, March 3, 2016. REUTERS/Reinhard Krause
MEXICO CITY (Reuters) - 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)
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