Research Update: Outlook On MasterCard Inc. Revised To Positive From Stable; 'A-/A-2' Ratings Affirmed On Settlement-Related Charges Feb 12

Standard & Poors, February 2012

Abstract
MasterCard Inc. has announced a $770 million pretax or $495 million after-tax charge related to a potential settlement in its U.S. merchant litigation cases. We are revising the outlook to positive from stable and affirming our long- and short-term counterparty credit ratings on MasterCard at 'A-/A-2'. We expect the company to continue to post robust profitability metrics while maintaining excellent liquidity and capital levels. On Feb. 3, 2012, Standard & Poor's Ratings Services revised its outlook on MasterCard Inc. to positive from stable. At the same time, Standard & Poor's affirmed its long- and short-term counterparty credit ratings on MasterCard at 'A-/A-2'. MasterCard announced on Feb. 2 a $770 million pretax or $495 million after-tax charge related to a potential...

Companies mentioned in this report are: MasterCard Inc.
Action: Affirmed
Action: Outlook: Positive

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.

Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.

MasterCard Inc.

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