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S&P rates TransUnion CCR, loans B+
Standard & Poor's said it assigned its B+ corporate credit rating to TransUnion.
The outlook is stable.
The agency simultaneously withdrew its corporate credit rating on TransUnion subsidiary TransUnion Intermediate Holdings Inc.
At the same time, S&P assigned its B+ issue-level rating and 3 recovery rating to the company's $350 million first-lien term loan due 2020 and $210 million revolving facility also due 2020. The 3 recovery rating indicates an expectation for meaningful (50%-70%; lower half of the range) recovery in the event of a payment default.
"The ratings reflect our view of TransUnion's 'satisfactory' business risk profile, supported by the firm's leading position as one of the three largest providers of consumer credit information services, high barriers to entry, and consistent profitability," S&P credit analyst James W. Thomas said in a news release.
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