Moody’s stabilizes TransUnion view

Moody’s Investors Service said it revised the outlook for TransUnion to stable from negative and affirmed its ratings, including the Ba2 corporate family rating and the Ba2 on TransUnion LLC’s first-lien credit facilities.

Last month, TransUnion reported the $515 million acquisition of Verisk Analytics, Inc.'s financial services business unit (VFS). In 2021, the company sold its healthcare revenue cycle management business for $1.4 billion, after taxes, and bought Sontiq for $638 million in cash and Neustar for $3.1 billion in cash.

"Our expectation for a rapid decline of pro forma debt to EBITDA drives today's revision of the outlook to stable from negative. Leverage peaked at around 5.8 times after the Neustar and Sontiq acquisitions and healthcare sales were announced, declining to below 4.5 times by the end of 2022, though, but before the VFS purchase and over $1 billion in debt was repaid," said Edmond DeForest, a Moody's senior vice president, in a press release.

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