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Summary: MasterCard Inc. Sep 11
Standard & Poors, September 2011
Standard & Poor's Ratings Services' ratings on MasterCard Inc. are based on the company's strong brand name and number-two global market share position in electronic payments--important factors behind its ability to generate consistently strong cash flows, even during economic downturns. MasterCard is a globally recognized firm that provides transaction processing for credit and debit cards carrying its brand, guarantees settlement between customers, and provides other payment-related services. Its customers are principally financial institutions--mostly banks--that are authorized to participate in the MasterCard network. MasterCard guarantees the settlement of payments between its customers, so it is exposed to the fragility of the global banking system. Credit exposure is becoming increasingly concentrated among a handful of large banks, but these tend to be...
Companies mentioned in this report are: MasterCard Inc.
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