We expect the economic impact of the COVID-19 pandemic to result in reduced originations, increased provision or fair value adjustments for credit losses, and higher charge-offs for consumer finance companies. We are affirming our 'B' issuer credit and 'B-' debt rating on Enova International Inc. (ENVA). The stable outlook reflects our expectation of leverage between 4.0x-5.0x and EBITDA coverage of 3.0x-4.0x. On May 19, 2020, S&P Global Ratings Services affirmed its 'B' issuer credit rating on Enova International Inc. (ENVA). The outlook remains stable. At the same time, we affirmed our 'B-' issue rating on the company's unsecured notes. The recovery rating is unchanged at '5', indicating our expectation of a modest (15%) recovery in the event of default. We
