Moody's: "Mexican Unifin's debt restructuring is negative for other fincos."

“Unifin’s restructuring and cessation of principal and interest payments will negatively affect Mexico’s smaller finance institutions, whose own liquidity profiles and funding sources are strained by heightened global volatility and investors wary of Mexico’s,” non-bank financial institution sector, Moody’s said in its report. The leasing firm on Monday said it would miss principal and interest payments on its debt because of limited sources of financing.

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https://www.reuters.com/business/finance/mexican-unifins-debt-restructuring-is-negative-other-fincos-moodys-2022-08-12/