Summary: Experian Finance PLC Dec 11

Standard & Poors, December 2011

Abstract
The ratings on U.K.-based Experian Finance PLC, a wholly owned subsidiary of global credit information service provider Experian PLC (not rated; together with Experian Finance, "Experian"), reflect Standard & Poor's Ratings Services' view of the group's leading position in credit information services, strong operating track record, and solid free cash flow generation, which contribute to our assessment of its business risk profile as "strong." We consider the ratings to be constrained by Experian's moderate financial policies, resulting in an "intermediate" financial risk profile. Experian reported robust organic growth of 8% and 6% in the financial year ended March 31, 2011, and in the first six months of financial year 2012, respectively, partly due to organic growth in the North America...

Companies mentioned in this report are: Experian Finance PLC
Action: Review

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.

This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

Experian Finance PLC

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