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Bulletin: Experian Finance PLC Ratings Unaffected By Acquisition Of Brazilian Serasa Group Jun 07
Standard & Poors, June 2007
Abstract
LONDON (Standard & Poor's) June 26, 2007--Standard & Poor's Ratings Services said today that its ratings and outlook on Experian Finance PLC (BBB+/Stable/A-2), the U.K.-based wholly owned subsidiary of international information services provider Experian Group Ltd., are unaffected by the group's announced acquisition of a 65% stake in Brazilian information services group Serasa for about $1.2 billion. This stake will rise to 70%, at a total cost of about $1.275 billion, in the near future. The acquisition will help Experian establish its position in the fast-growing Brazilian credit services market, and stands to add more than $80 million of EBITDA to the group's operations. The acquisition is to be financed through existing bank facilities and cash balances. Although the transaction...
Companies mentioned in this report are: Experian Finance PLC
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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