Moody's affirms World Acceptance's B3 unsecured rating; changes outlook to negative
Moody's Investors Service (Moody's) has affirmed World Acceptance Corporation's (WRLD) B2 Corporate Family Rating (CFR) and B3 senior unsecured rating. Moody's changed the firm's outlook to negative from stable. Affirmations: ..Issuer: World Acceptance Corporation .... Corporate Family Rating, A...World Acceptance is a small-loan consumer finance company, providing short-term small installment loans, medium-term larger installment loans, related credit insurance and ancillary products and services to individuals. The company serves individuals with limited access to other sources of consumer credit such as banks, credit unions, other consumer finance businesses and credit card lenders. The company also provides income tax return preparation services to its loan customers and other individuals. Using the proprietary data processing software package developed by its subsidiary, ParaData Financial Systems, the company automates all of its loan account processing and collection reporting.
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