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Navistar Financial S.A. de C.V. SOFOM E.N.R. Commercial Servicer Outlook Lowered To Negative; Ranking Affirmed
Standard & Poors, May 2011
OVERVIEW We revised our outlook on Navistar Financial S.A. de C.V. SOFOM E.N.R. (NFCX) as a commercial loan servicer for the Mexican market to negative from stable. We affirmed our STRONG commercial loan servicer ranking. The affirmed ranking reflects the information provided by the company and our site visit performed on March 29, 2011. Our financial position for NFCX is Sufficient. MEXICO CITY (Standard & Poor's) May 11, 2011--Standard & Poor's Ratings Services' today revised its outlook on Navistar Financial S.A. de C.V. SOFOM E.N.R. (NFCX) as a commercial loan servicer for the Mexican market to negative from stable. At the same time, we affirmed our ranking on the company as a commercial loan servicer. We revised our outlook because,...
Companies mentioned in this report are: Navistar Financial, S.A. de C.V. SOFOM, E.N.R.
Action: Outlook: Negative
Action: Servicer Ranking
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
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Navistar Financial, S.A. de C.V. SOFOM, E.N.R.