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Credit Corp Group's Fiscal Year 2026 Results Show Weakened US Outlook, Says Jefferies

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Credit Corp Group's (ASX:CCP) US outlook has weakened due to lower expected debt supply, leading to reduced investment in fiscal year 2027, according to a Tuesday Jefferies note.

Jefferies said that the company reported a "solid" result, with cash collections rising 11% to AU$530 million and net profit after tax increasing 12% in fiscal 2026.

Despite the softer US outlook, the company is supported by its strong Australian and New Zealand lending operations and attractive valuation multiples, the note added.

Jefferies kept a buy rating on Credit Corp and cut its price target to AU$16 from AU$17.

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