Standard & Poor's: Renaissance Financial Holdings Ltd. 'B-/C' Ratings Affirmed On Announced Offer To Exchange Notes; Outlook Negative
April 13, 2016
Standard & Poor's Ratings Services today affirmed its 'B-/C' long- and short-term issuer credit ratings on Renaissance Financial Holdings Ltd. (RFHL). The outlook is negative.
At the same time, Standard & Poor's affirmed our 'B-' long-term issue rating on the $325 million senior unsecured debt issued by Renaissance Securities Trading Ltd. and guaranteed by RFHL.
Standard & Poor's also assigned a 'B-' rating to the proposed notes to be issued by RFHL.
Company — Renaissance Financial Holdings Limited
Full nameRenaissance Financial Holdings Limited