Fitch Lowers Outlook for Consumer Finance Sector

Fitch Lowers Outlook for Consumer Finance Sector

Fitch Ratings on Monday lowered its credit outlook for the consumer finance sector, including credit card lenders, to negative from stable, warning that lenders’ credit performance could “deteriorate rapidly” as a result of the coronavirus crisis. The credit rating agency said it expects most consumer finance companies to follow the lead of several auto lenders […]