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12.06.25 - 23:27
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KBRA Assigns Preliminary Ratings to OneMain Financial Issuance Trust 2025-1 (Business Wire)
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NEW YORK--(BUSINESS WIRE)--#KBRA--KBRA assigns preliminary ratings to four classes of notes issued by OneMain Financial Issuance Trust 2025-1 (“OMFIT 2025-1”), a consumer loan ABS transaction.
OMFIT 2025-1 will issue four classes of notes totaling $600.0 million. The preliminary ratings reflect initial credit enhancement levels ranging from 35.25% for the Class A notes to 11.45% for the Class D notes. Credit enhancement is comprised of overcollateralization, subordination of junior note classes (except for the Class D notes), a cash reserve account and excess spread. This transaction represents the first consumer loan ABS securitization issued by OneMain Finance Corporation (“OneMain” or “OMFC”, or the “Company”), a wholly-owned subsidiary of OneMain Holdings, Inc. (“OMH”), in 2025 and the 31st consumer loan transaction issued by OneMain or its subsidiaries since 2013. Since that time, OneMain and its subsidiaries have also issued 39 auto loan term securitizations. OMFIT 2025-1 include...
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29.04.25 - 12:33
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ONEMAIN HOLDINGS, INC. REPORTS FIRST QUARTER 2025 RESULTS (PR Newswire)
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1Q 2025 Diluted EPS of $1.78 1Q 2025 C&I adjusted diluted EPS of $1.72 1Q 2025 Managed receivables of $24.6 billion Declared quarterly dividend of $1.04 per share NEW YORK, April 29, 2025 /PRNewswire/ -- OneMain Holdings, Inc. (NYSE: OMF), the leader in offering nonprime consumers......
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28.03.25 - 16:18
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AM Best Affirms Credit Ratings of OneMain Holdings, Inc.′s Insurance Subsidiaries (Business Wire)
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OLDWICK, N.J.--(BUSINESS WIRE)--#insurance--AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb” (Good) of American Health and Life Insurance Company (AHLIC) and Triton Insurance Company (Triton) (both domiciled in Fort Worth, TX). Both companies are wholly owned subsidiaries of OneMain Holdings, Inc. (OneMain) [NYSE: OMF] (headquartered in Evansville, IN). The outlook of these Credit Ratings (ratings) is stable.
The ratings of AHLIC reflect its balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management (ERM). The ratings of AHLIC also reflect drag from the parent company, OneMain, a consumer finance company, which has considerable financial leverage within AM Best's measurement. AHLIC and Triton are dependent on OneMain as a primary distribution source, and both insurance companies continue to have significant concentration ...
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