S&P: TransUnion unchanged

Standard & Poor's said that TransUnion Corp.'s recent form S-1 filing relating to a proposed initial public offer has no immediate effect on the company's ratings.

The statement has been filed, but is not yet effective and the likelihood and timing of any potential IPO is unclear, S&P said.

However, given the company's satisfactory business profile and its intention to use a portion of any potential IPO proceeds to repay indebtedness, there could be positive ratings implications once the filing becomes effective and the timing of an IPO is more evident.

Furthermore, the IPO would revise the current ownership structure and likely alter the view that sustained deleveraging is unlikely, S&P said.

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