Fitch affirms Western Union

Fitch Ratings said it affirmed the following ratings for the Western Union Co.: issuer default rating at A-; senior unsecured debt at A-; senior unsecured credit facility at A-; short-term issuer default rating at F2; and commercial paper program at F2.

The outlook is stable.

Fitch said that it expects revenue to increase in the low single-digits in 2010, limited by a continuing soft global economic environment and job market as well as continued pricing pressure in the U.S. and Mexico markets.

The agency added that negative pressure on growth should be partially mitigated by continued market share gains which have averaged about 1% per year.

© 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.