Moody's upgrades TransUnion

Moody's Investors Service said it upgraded TransUnion, LLC's corporate family rating to Ba2 from Ba3 and probability of default rating to Ba3-PD from B1-PD and affirmed its SGL-1 speculative grade liquidity rating.

The outlook is stable.

TransUnion plans to amend the terms of its existing credit facilities to reduce pricing, increase the revolving credit facility by $90 million to $300 million and extend the maturities for revolving credit facilities and term loan A by two years to 2022.

Moody's assigned Ba2 ratings to the company's amended credit facilities.

“The upgrade of the CFR to Ba2 reflects Moody's expectations for TransUnion's strong earnings growth over the next 12 to 18 months, increasing revenue diversity and greater financial flexibility resulting from earnings growth,” Moody’s said in a news release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.