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Moody's affirms OneMain Holdings after SpringCastle deal announcement

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Moody's affirms OneMain Holdings after SpringCastle deal announcement

Moody's on April 1 affirmed the B3 corporate family rating ofOneMain Holdings Inc.,B3 long-term issuer and senior unsecured ratings of Springleaf Finance Corp., and B2 senior unsecured ratingof OneMain Financial Holdings LLC.

The outlook on all ratings is stable.

The ratings affirmation comes after OneMain Holdings the sale of its 47% interestin SpringCastle. The transaction will be a positive credit development for the company,resulting in meaningful deleveraging, improved capitalization and debt reduction,the rating agency said.