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Ratings downgrade for Oxford Finance

Friday 24th of December 2010

The rating agency also lowered the short term rating on Oxford from "A-3" to "B."

"The downgrade reflects our opinion of the weakening credit profile of the wider Electra Group," said Standard & Poor's credit analyst Peter Sikora.

"In our view, OFC's credit profile has come under pressure from an increase in asset-quality problems. In addition, Electra Group's growth strategy...

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