Moody's says Rent-A-Center's announced acquisition of Acima has no ratings impact
Announcement: Moody's says Rent-A-Center's announced acquisition of Acima has no ratings impact. Global Credit Research- 22 Dec 2020. New York, December 22, 2020-- Moody's Investors Service, today stated that Rent-A-Center, Inc's announced acquisition of Acima Holdings LLC has no immediate impact on its credit ratings and stable outlook.Rent-A-Center is a holding company that provides ownership of products, such as consumer electronics, furniture and accessories, under flexible rental purchase agreements with no long-term obligation. The company's Core U.S. segment consists of the company-owned rent-to-own stores that lease household durable goods on a rent-to-own basis. The company's Acceptance Now segment provides the rent-to-own transaction to consumers who do not qualify for financing from the retailer. The company's Mexico segment consists of the company-owned rent-to-own stores in Mexico that lease household durable goods on a rent-to-own basis. The company's Rent-A-Center Franchising International, Inc. subsidiary is a franchisor of rent-to-own stores.
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