HIGHTSTOWN (S&P Global Ratings) Oct. 11, 2016--S&P Global Ratings said today that its ratings on Confie Seguros Holding II Co. are unaffected by the company's planned increase in its senior secured credit facilities. Confie is upsizing its $590 million first-lien Term B Loans due 2022 to $665 million. The credit revolver due 2021 has been reduced to $90 million from $105 million. Confie will use the proceeds of the Term B Loans to refinance its capital structure ahead of upcoming maturities. The recovery rating on the company's senior secured credit facilities remains '3', reflecting our expectation for meaningful (50%-70%; at the higher end of the range) recovery in the event of payment default. The recovery rating on existing secured second-lien
